TLDR
- Bybit has officially listed Ripple’s RLUSD stablecoin on its trading platform.
- RLUSD is available for trading against USDT, Bitcoin, Ethereum, XRP, and Mantle.
- Bybit supports deposits and withdrawals for RLUSD on both the Ethereum blockchain and XRP Ledger.
- The listing of RLUSD on Bybit expands options for traders and institutional investors.
- Ripple’s RLUSD stablecoin ranks as the 94th largest cryptocurrency with a market value of $741 million.
Crypto exchange Bybit has officially listed Ripple’s RLUSD stablecoin on its platform. The stablecoin will be available for spot trading against USDT, Bitcoin (BTC), Ethereum (ETH), XRP, and Mantle (MNT). Bybit users can now deposit and withdraw RLUSD on both the Ethereum blockchain and the XRP Ledger.
RLUSD Available for Trading on Bybit
Bybit’s integration of RLUSD into its trading platform marks a significant move in the growing stablecoin market. The stablecoin’s availability will depend on jurisdictional regulations. However, Bybit’s listing provides traders with more options to interact with the asset. Ripple’s RLUSD stablecoin is already listed on exchanges such as Uphold, Bitstamp, and Bitso.
https://x.com/Vet_X0/status/1971592710667882620
Bybit’s addition of RLUSD places it among the key exchanges adopting the token. As the 94th largest cryptocurrency with a market value of $741 million, RLUSD is positioning itself as a strong competitor. Bybit’s listing signals growing institutional interest in the asset as Ripple expands its ecosystem.
Ripple’s RLUSD and the Institutional Push
The listing of RLUSD comes just days after Ripple partnered with Securitize to offer tokenized real-world assets. Through this partnership, investors in BlackRock’s BUIDL fund and VanEck’s VBILL fund can redeem tokenized shares into RLUSD. This integration enables seamless transitions for institutional investors between regulated, yield-bearing tokenized funds and stable digital dollars.
Bybit’s listing of RLUSD offers its users a direct bridge to the ecosystem of tokenized assets. With Ripple pushing for wider adoption, RLUSD’s presence on Bybit highlights its growing role in institutional markets. Despite its absence from top exchanges like Binance or Coinbase, RLUSD’s rise in institutional-grade tokenized funds strengthens its future prospects.
