Ripple’s RLUSD Stablecoin Launches on Coinone in South Korea
- Ripple’s RLUSD stablecoin is now available on the Coinone exchange, marking its first listing in South Korea.
- Korean traders can trade RLUSD directly in Korean won (KRW), enhancing local access and liquidity.
- The market cap of RLUSD has surpassed $1.55 billion, showing over a 1,000% increase from $132 million last year.
- XRP trading volume in South Korea reached $1.2 billion in February, surpassing Bitcoin and Ethereum.
- RLUSD saw an increase of approximately 88% in trading volume over the past day.
The introduction of RLUSD on Coinone facilitates easier transactions for South Korean users, allowing them to buy and sell without USD intermediaries. This move is significant as South Korea is a major player in the global crypto market with high trading activity.
With a market cap exceeding $1.55 billion and increased trading volume, Ripple’s RLUSD stablecoin aims to enhance adoption and liquidity within the region’s crypto ecosystem.(Source)
