Bybit Lists Ripple’s USD-Backed Stablecoin RLUSD
Cryptocurrency exchange Bybit has listed Ripple's USD-backed stablecoin, RLUSD. This listing is a strategic move to bridge Traditional Finance (TradFi) and Decentralized Finance (DeFi), expanding RLUSD's market reach and use cases.
Trading Pairs on Bybit
- Bybit now offers multiple trading pairs for RLUSD, including RLUSD/USDT, RLUSD/ETH, RLUSD/BTC, RLUSD/MNT, and RLUSD/XRP.
- Support for deposits and withdrawals is available on Ethereum (ETH) and XRP Ledger.
- Availability depends on regulatory restrictions in different regions.
Market Presence and Growth
- Since its launch in December 2024, RLUSD has become the 90th largest cryptocurrency with a market cap of $789.45 million, according to CoinMarketCap.
- RLUSD is listed on platforms like Bullish, Kraken, Bitstamp, and Gemini.
- Gemini's listing in May 2025 led to a significant increase in trading volume.
- Margex supports RLUSD as collateral for various crypto pairs.
- Expectations are high for future listings on major exchanges like Binance and Coinbase.