<\/p>\n
Cryptocurrency exchange Bitget has added Ripple\u2019s RLUSD stablecoin to its spot trading platform, broadening its USD-backed asset lineup.<\/p>\n
Bitget has listed Ripple USD (RLUSD), a U.S. dollar-pegged stablecoin issued by Ripple, on its spot trading platform, expanding the still limited number of centralized exchanges that support the token six months after its launch.<\/p>\n
In a press release shared with crypto.news, Bitget said the listing is part of its broader strategy to support \u201chigh utility-driven assets\u201d and expand access to stablecoins that play a role in real-world applications. Bitget CEO Gracy Chen says RLUSD stands out as \u201cone of the few stablecoins issued by a NYDFS-chartered limited purpose trust company, placing it in a uniquely clear regulatory framework.\u201d<\/p>\n
\n\u201cThis is particularly important for institutions seeking transparency and compliance in today\u2019s evolving digital asset landscape. Listing RLUSD also aligns with our 2025 strategy to expand institutional offerings and build a more robust, trusted ecosystem.\u201d<\/p>\n
Gracy Chen<\/p>\n<\/blockquote>\n
Ripple\u2019s stablecoin isn\u2019t widely available yet. As of press time, RLUSD isn\u2019t listed on major platforms like Binance or Coinbase. However, it\u2019s still supported by their rivals like Kraken, Bitstamp, BitMEX, Bitso, and a few other smaller platforms, according to data from crypto aggregator platforms.<\/p>\n
<\/p>\n
In the meantime, Ripple is also working to expand RLUSD\u2019s presence in decentralized finance, aiming to tap into a market worth nearly $124 billion. In late April, the company partnered with Aave, enabling users on the lending platform to supply and borrow RLUSD.<\/p>\n
Backed by regulatory approval from the New York State Department of Financial Services, RLUSD is designed as an enterprise-grade stablecoin that combines the stability of fiat with the efficiency of blockchain technology. It enables use cases such as global payments, seamless crypto on\/off ramping, and access to the rapidly expanding market for tokenized real-world assets.<\/p>\n
<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
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