Ripple’s RLUSD Stablecoin to Expand Exchange Listings
- Ripple launched its U.S. dollar-pegged stablecoin RLUSD on Ethereum and XRP Ledger last month.
- The New York State Department of Financial Services (NYDFS) approved Ripple’s RLUSD.
- Bitstamp announced plans to list RLUSD on its platform.
- Ripple’s SVP of stablecoins, Jack McDonald, discussed potential listings on exchanges like Coinbase and Binance.
- Coinbase has supported stablecoins like USDC, PAX, GUSD, PYUSD, and USDT.
- McDonald highlighted the importance of volume considerations and technical processes for exchange listings.
Ripple’s RLUSD stablecoin, launched with NYDFS approval, is set to expand its presence on exchanges, starting with Bitstamp. Jack McDonald, Ripple’s SVP, noted ongoing discussions with major platforms, including Coinbase, to potentially list the stablecoin.
