Binance Integrates Ripple USD on XRP Ledger
- Binance has integrated Ripple USD (RLUSD) on the XRP Ledger, enabling deposits for the stablecoin.
- Withdrawals will be available once sufficient liquidity is established.
- RLUSD is a dollar-pegged digital asset issued by Ripple Labs, maintaining parity with the US dollar.
- The stablecoin operates on both the XRP Ledger and Ethereum blockchain, supporting institutional payments and decentralized finance (DeFi).
- Launched in late 2024, RLUSD’s market capitalization has surpassed $1.5 billion.
The integration of RLUSD on Binance facilitates broader access to this stablecoin, which competes with major players like Tether’s USDT and Circle’s USDC in the market.
Source (3.2)https://cryptobriefing.com/ripple-usd-integration-xrp-network/?rand=59535
