Bitget has become the latest cryptocurrency trading platform to add support for the Ripple USD (RLUSD) stablecoin.
Users can now deposit the token into the exchange, and trading will begin later today.
RLUSD will debut with two trading pairs ( RLUSD/USDT and RLUSD/USDC).
RLUSD, which went live in late 2024, currently has a market cap of $309 million, according to CoinGecko data.
Earlier this month, BitMEX also added support for the stablecoin.
On top of that, RLUSD is currently available on such major exchanges as Bitstamp and Kraken.
It has logged $94 million in trading volume over the past 24 hours.
As reported by U.Today, Ripple is aiming for a top 5 placement among stablecoins for RLUSD by the end of the year. However, this target appears to be far-fetched given that no new tokens have been issued during this month, according to the Ripple Stablecoin Tracker account.
Dai (DAI), the fifth-largest stablecoin, currently has a market cap of $3.7 billion.
RLUSD is also lagging behind PayPal USD (PYUSD) and TrueUSD (TUSD).
Vladislav Sopov
U.Today Editorial Team