Binance Lists Ripple (XRP)’s RLUSD Stablecoin as Market Cap Hits $1.4B

Binance will listing Ripple (XRP)’s RLUSD stablecoin for spot buying and selling, giving the dollar-backed token entry to the world’s largest crypto alternate simply over a month after launch. The itemizing initially covers Ethereum-based RLUSD, with XRP Ledger help coming quickly. Buying and selling pairs embody XRP/RLUSD and RLUSD/USDT.

RLUSD at present trades at $0.9997 with a market cap of $1.41 billion, in keeping with market information from January 21. That is a fast climb from the $1.3 billion milestone Ripple introduced lately—progress that caught the eye of Binance Analysis, which labeled RLUSD a “new heavyweight” within the stablecoin sector.

What Merchants Get

Past primary spot buying and selling, Binance is rolling out portfolio margin eligibility for RLUSD, making it helpful for leveraged methods. The alternate additionally plans so as to add RLUSD to Binance Earn, opening yield alternatives for holders.

The multichain strategy issues right here. Ethereum provides RLUSD entry to DeFi composability and sensible contract integration. The XRP Ledger affords sub-second settlement and minimal charges—roughly $0.0002 per transaction. Merchants can choose their chain based mostly on use case.

Regulatory Edge

RLUSD operates below a New York DFS Restricted Goal Belief Firm Constitution, with Ripple holding conditional approval for an OCC nationwide belief financial institution constitution. That twin state-federal regulatory framework places it forward of most stablecoin rivals on compliance.

The stablecoin is backed 1:1 by U.S. greenback deposits, short-term Treasuries, and money equivalents, with month-to-month attestations. BlackRock now accepts RLUSD as collateral—a major institutional endorsement that few stablecoins can declare.

Constructing Momentum

The Binance itemizing caps a powerful January for RLUSD. On January 14, Ripple secured a preliminary EMI stablecoin license from Luxembourg’s regulator. 5 days later, LMAX built-in RLUSD into its institutional buying and selling infrastructure.

Ripple has additionally onboarded companions together with Facilita Pay, Ripio, OSL, Bitpanda, and Amina Financial institution to increase RLUSD’s attain in funds and remittances.

For a stablecoin that launched December 17, 2024, hitting $1.4 billion in market cap and touchdown on Binance inside 5 weeks indicators real traction. The actual check comes subsequent: whether or not RLUSD can carve out significant market share from USDT and USDC in cross-border funds and institutional DeFi. Binance’s 150 million customers will definitely assist that case.

Picture supply: Shutterstock