Ripple announced that its dollar-backed stablecoin RLUSD will be listed for spot trading on the cryptocurrency exchange Binance. The listing launches on Ethereum with XRP Ledger support coming soon, according to the official release.
The listing provides spot trading support and makes RLUSD eligible for portfolio margin on the exchange. Binance Earn inclusion is planned to follow shortly.
RLUSD’s total market capitalization stands at about $1.4 billion. (Ed. note: That trails the market leaders USDT at about $186 billion and USDC near $74 billion.)
The tie-up with Binance adds to Ripple’s expanding collaborations. Financial firms including MasterCard and Gemini have already tested RLUSD usage on the XRP Ledger.
