Bitstamp, the leading European cryptocurrency exchange, has listed Ripple's RLUSD stablecoin, according to a Wednesday announcement.
The exchange has added a total of six trading pairs with the stablecoin product (RLUSD/EUR, RLUSD/USDT, RLUSD/USD, RLUSD/BTC, RLUSD/ETH, and RLUSD/XRP).
Alex DovbnyaRipple's stablecoin, which was launched in December after securing key regulatory approval, is yet to get listed on Coinbase and some other major exchanges.
As reported by U.Today, Monica Long, Ripple's president, recently said that the company would announce more listings in the near future.
According to data provided by CoinGecko, the stablecoin boasts a market cap of $73 million.
The XRP/RLUSD pair on the Bullish exchange accounts for more than 36% of the stablecoin's total trading volume.
According to the Ripple Stablecoin Tracker account, Ripple minted an additional 1.5 million RLUSD tokens earlier today.
Recently, the enterprise blockchain company also adopted the Chainlink standard in order to be able to obtain pricing data after considering various other optioins
During a recent Bloomberg interview, Long predicted that the market would experience tremendous growth over the next year.
Ripple's business doubled within payments in 2024, according to Long, and the company sees a strong growth trajectory for its payment solution. The RLUSD will have "a premium role" in this.
As reported by U.Today, Andre Casterman, former global head of corporate and trade markets at SWIFT, recently called RLUSD a "game changer."
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Vladislav Sopov
Dan Burgin