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Major crypto trading platform Bitget, headquartered in Hong Kong, has announced that it has rolled out new pairs with the Ripple USD (RLUSD) stablecoin after adding support for this recently launched Ripple product approximately a week ago.
As reported by U.Today, the initial listing of the new dollar-pegged stablecoin took place on May 29. On that day, the platform launched the following trading pairs based on Ripple’s new product: RLUSD/USDT and RLUSD/USDC — Ripple’s stablecoin versus those minted by Tether and Circle.
Now, Bitget has announced that new pairs have gone live for traders: BTC/RLUSD, ETH/RLUSD and XRP/RLUSD.
According to CoinMarketCap, RLUSD, which was launched in December 2024, currently boasts a market capitalization size of $369.68 million and sits in 205th place, according to CoinMarketCap.
The total supply of the stablecoin, according to the same source, stands at 369.74 million RLUSD.
This total supply of the stablecoin so far seems to satisfy its users’ needs since Ripple Labs has not performed any RLUSD-related activity since May 14. On that day, Ripple Treasury burned almost 4,000,000 stablecoins. As for the last time Ripple minted any new RLUSD, it happened on April 25, when 38,000,000 RLUSD were issued and 15,000,000 RLUSD were burned by the same entity.
Vladislav Sopov
U.Today Editorial Team