Ripple’s dollar-backed stablecoin, RLUSD, is now available on the Binance exchange with full support for the XRP Ledger. Deposits via the XRPL network are open, with withdrawals to begin once sufficient liquidity is established on the platform. This integration provides direct access for Binance’s global user base and aims to enhance on-chain liquidity for the stablecoin.
Ripple USD (RLUSD), a stablecoin backed by the U.S. dollar, has officially launched on the Binance platform. The company is offering full support for the XRP Ledger (XRPL), allowing users to deposit RLUSD via that network.
Binance has confirmed it completed the technical integration of RLUSD on the XRP Ledger. Withdrawals will be enabled when sufficient liquidity is available on the platform.
This move enhances RLUSD’s accessibility by linking it to a major centralized exchange. It also further solidifies XRPL as a settlement layer for compliant digital dollar assets.
RLUSD is meant for enterprise-level and institutional use cases, offering regulated digital dollar liquidity. Listing on Binance with native XRPL support taps into a large global user base, which may improve stablecoin adoption.
XRPL is known for low transaction fees and rapid settlement times. Users can leverage these features when moving funds through the integration.
Stablecoins are an essential component of cryptocurrency markets, providing price stability and trading pairs. The addition of RLUSD may increase trading, remittance, and liquidity opportunities related to XRPL.
Listings on major exchanges can improve the exposure of digital assets. With Binance’s support, RLUSD can be integrated into various trading pairs and payment systems.
This listing reflects greater cooperation between exchanges and blockchain-based stablecoin issuers. Compliant USD-backed coins are becoming more integral to crypto infrastructure amid regulatory developments.
