Binance has officially announced it will list Ripple USD (RLUSD).
In a statement released Tuesday, the exchange confirmed that spot trading for RLUSD will commence on Jan. 22 at 08:00 UTC.
The world's leading exchange will initially add support for the Ethereum-based version of the stablecoin. Support for the XRPL-based RLUSD token is also coming soon.
The trading pairs
According to the announcement, users can now begin depositing RLUSD in preparation for trading. Binance will open three key spot trading pairs, including the XRP/RLUSD pair.
Binance is launching a "zero-trading-fee promotion" for select stablecoin pairs. The move is meant to incentivize early liquidity.
"Big global momentum"
Jack McDonald, Ripple's stablecoin lead, has described the launch as a sign of RLUSD experiencing "big global momentum."
Ripple's RLUSD currently boasts an impressive market cap of $1.4 billion, CoinGecko data shows. The token, which was officially launched in December 2024, is already available on such major exchanges as Bybit, Kraken, and Bitstamp.
As reported by U.Today, Ripple President Monica Long recently predicted that stablecoins would start playing a significant role in the broader economy, moving beyond payments and trading.
Gamza Khanzadaev
Alex Dovbnya
Arman Shirinyan