Ripple’s RLUSD Stablecoin Listed on Margex for Trading
Ripple’s RLUSD stablecoin has been listed on the Margex trading platform, allowing it to be used as collateral for various crypto pairs. This listing enhances Ripple's position in the stablecoin sector.
Key points include:
- RLUSD is pegged to the US dollar at a 1:1 ratio and backed by cash reserves, government bonds, and dollar deposits.
- Margex aims to provide a secure trading experience, adding RLUSD alongside other stablecoins like USDT.
- Ripple plans to list RLUSD on larger exchanges such as Coinbase, Binance, and Bybit by 2025.
- Technical and regulatory hurdles persist for broader adoption of RLUSD.
- Bullish exchange, backed by Peter Thiel, has become a key platform for RLUSD trading since its addition on December 24, 2024, accounting for most of its trading volume.
- Bullish offers RLUSD trading in seven pairs, including RLUSD/USDC and BTC/RLUSD.
Market analysts anticipate increased liquidity for RLUSD as demand rises, enhancing its attractiveness for traders and institutions.