Gate.io Launches RLUSD Trading Pairs with Major Cryptocurrencies
- Gate.io added RLUSD trading pairs with BTC, ETH, XRP, and USDT on June 15.
- Ripple claims the XRP/RLUSD market enhances interoperability and capital efficiency in digital asset markets.
- A significant incentive program of 750,000 RLUSD aims to boost trading and liquidity.
- RLUSD is backed by U.S. dollar deposits, short-term U.S. Treasuries, and other cash equivalents.
- The stablecoin has achieved a market capitalization exceeding $1.6 billion since its December launch.
Gate.io’s introduction of RLUSD trading pairs with major cryptocurrencies like BTC, ETH, and USDT seeks to enhance market activity through incentives and liquidity programs while promoting Ripple’s stablecoin use in various financial applications.
This strategic move by Gate.io aligns with Ripple’s goal to unlock real interoperability in digital asset markets worldwide, supported by a robust backing of RLUSD assets and a substantial market cap growth since its inception. (Source)
