RLUSD Begins Trading on Gemini|Ripple’s Stablecoin Gains Momentum Across 15 Exchanges

Gemini RLUSD Listing

Cryptocurrency exchange Gemini has officially added RLUSD, Ripple’s USD-backed stablecoin, to its trading platform. The listing allows users to deposit and withdraw RLUSD, marking a significant milestone in the token’s expansion. Since its launch just months ago, RLUSD has steadily gained attention, and its presence on Gemini suggests growing institutional and retail interest.

Gemini confirmed that all regulatory requirements have been met, ensuring smooth trading and transaction capabilities for RLUSD holders. This development boosts RLUSD’s visibility and signals Gemini’s continued support for emerging digital assets.

Mysterious Listing Signal

Interestingly, prior to the official listing, Ripple had hinted at the development with an acrostic message: “futures are brighteR when we build Up System that upgraDe finance”. Observers quickly noticed the hidden message spelling out “RLUSD,” sparking speculation that Ripple was subtly teasing the Gemini partnership.

This strategic communication added an element of mystery and engagement, with crypto enthusiasts decoding the message and sharing it widely. It highlights Ripple’s innovative approach to community engagement and market signaling.

Global Adoption Reaches 15 Exchanges

With Gemini’s listing, the number of exchanges supporting RLUSD has now reached 15. This expansion underscores RLUSD’s growing relevance in the stablecoin ecosystem and Ripple’s push for broader integration. As more platforms adopt RLUSD, the stablecoin is positioned to play a key role in facilitating seamless digital payments and cross-border transactions.

The addition of RLUSD to Gemini not only enhances user access but also reflects the token’s rising credibility in the crypto space. As market interest builds, RLUSD is shaping up to become a vital component of Ripple’s broader ecosystem.

Ripple Prepares to Unveil RLUSD Stablecoin

Ripple is gearing up to make a significant move with its RLUSD stablecoin as it continues expanding its supply and working through regulatory approvals. The company recently minted an additional 1.35 million RLUSD on the XRP Ledger, bringing the stablecoin closer to its full launch. This marks the largest RLUSD issuance to date, as Ripple positions itself for major developments post-SEC case.

RLUSD Supply Increases

Ripple's RLUSD supply has grown steadily, with 2.45 million tokens minted in October across four stages. The latest issuance is aimed at increasing liquidity and stress-testing the stablecoin under various conditions. Ripple is waiting for full regulatory approval, which it views as critical to ensure compliance with U.S. laws and avoid legal issues similar to those faced by other stablecoin issuers.

ETF Developments and Market Speculations

In parallel with RLUSD’s expansion, excitement is building over Bitwise’s application for a Spot XRP ETF. If approved, the XRP ETF could drive strong inflows, pushing the price of XRP upward. Market analysts have noted increased whale activity, suggesting that investors are positioning for significant developments in Ripple’s ecosystem.

With RLUSD nearing full launch and ETF prospects on the horizon, Ripple's future looks promising, potentially leading to significant growth within the XRP Ledger and broader crypto market.