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Eleven days after Binance added Ripple USD to its platform, a clearer picture is forming around why the Feb. 12 listing matters beyond another spot market debut for the stablecoin.
According to Mike Higgins, BD/CD at Ripple Prime, the real development is not even visibility but collateral status, as RLUSD is now live on Binance spot pairs and approved as eligible margin for perpetual futures. This is all within the XRP Ledger integration.
How RLUSD solves capital fragmentation, according to Mike Higgins
When a stablecoin can be used as margin on one of the biggest crypto derivatives markets worldwide, it changes how institutions manage their risk. Instead of moving capital between different stablecoins on different exchanges, companies can use RLUSD on Binance for spot and perps.
Higgins explained it simply: accepting derivatives collateral boosts capital efficiency and reduces fragmentation between venues. As he puts it, the listing was a sign that the market was maturing.
If Binance liquidity deepens and RLUSD maintains supply growth without discount pressure, the token could consolidate its role as a cross-venue institutional stablecoin rather than a niche XRP ecosystem instrument.
For Ripple Prime clients, that means you can use RLUSD not only as a settlement asset but also as collateral in leveraged strategies. It also lines up with a bigger industry trend where exchanges focus on stablecoins that meet compliance standards for their risk-managed derivative products.
The next thing to watch is how much open interest in derivatives is collateralized on RLUSD. As of now, according to CoinMarketCap, the 24-hour turnover for RLUSD on Binance is above $100 million. These figures put RLUSD in the top half of regulated USD-backed tokens by total supply but still below major players like USDT and USDC.
Vladislav Sopov
Dan Burgin