Ripple has introduced its new stablecoin, $RLUSD, on Binance, one of the largest cryptocurrency exchanges worldwide. The token is now available on the Ethereum blockchain, signaling Ripple’s strategic move into the growing stablecoin market.
The Binance listing gives RLUSD instant access to millions of users globally, making it one of the most accessible stablecoins for traders and investors. This launch comes as part of Ripple’s response to increasing demand for regulated, blockchain-based dollar alternatives.
RLUSD Debuts on Ethereum
Although Ripple is primarily associated with the XRP Ledger, the decision to launch RLUSD on Ethereum reflects the company’s goal to be multi-chain compatible. By tapping into Ethereum’s liquidity and well-established DeFi ecosystem, RLUSD may gain adoption faster than if it were limited to Ripple’s native network.
Binance confirmed that trading, deposits, and withdrawals for RLUSD are fully operational, supporting popular trading pairs. This cross-chain approach also enables RLUSD to be used in DeFi platforms, payments, and international remittances, expanding its potential applications.#WriteToEarnUpgrade #BTC走势分析 $ETH
