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Bitstamp Adds Ripple RLUSD: Stablecoin Adoption Hits New Heights
Bitstamp lists Ripple RLUSD stablecoin on Ethereum offering secure trading and boosting its global adoption in DeFi applications.
Author by
Irene Mukiri
Bitstamp has introduced Ripple’s RLUSD stablecoin to its trading platform, expanding options for both investors and businesses. The stablecoin, fully backed by US dollars and equivalents, is now available to trade alongside key pairs.
This addition strengthens Bitstamp’s portfolio by integrating a stable digital currency tailored for diverse financial uses.
RLUSD Trading Features and Ethereum Support
Ripple USD is now supported on Ethereum, offering users a blockchain-based stablecoin designed for retail and institutional investors. Its integration enables use in decentralized finance (DeFi) applications, including liquidity pools and decentralized exchanges.
Bitstamp’s inclusion of Ripple USD aligns with its strategy to offer secure and efficient trading options. The stablecoin offers stable liquidity and complies with strict legal regulations, making it attractive for enterprise-grade applications.
Ripple’s issuance of Ripple USD under the New York Trust Charter enhances its credibility. Businesses can now leverage RLUSD for payments, tokenization, and other blockchain-based financial operations.
Bitstamp Adds Ripple USD Supporting Global Adoption
Ripple has actively increased RLUSD’s availability by listing it on major exchanges, including Archax, B2C2, Bitso, and Uphold. To expand its accessibility, future listings are planned on platforms such as Flowdesk and Zero Hash.
Bitstamp’s addition marks a significant milestone in the coin’s growing adoption across global markets. The partnership between Ripple and Chainlink further bolsters RLUSD’s integration within DeFi ecosystems.
By incorporating Chainlink’s market data feeds, Ripple USD aims to enhance reliability and counter price manipulation risks. This collaboration strengthens the coin’s usability and solidifies its position in decentralized financial systems.
Ripple USD Joins Top Traded Stablecoins Worldwide
Market adoption of RLUSD has surged, with over 76% of trading volume reported on bullish exchanges. The RLUSD/USDC and XRP/RLUSD pairs dominate trading activity, reflecting its growing demand among traders.
On decentralized platforms like Sologenic, the XRP/RLUSD pair alone recorded a 24-hour volume of $3.4 million. Recently, RLUSD’s trading volume exceeded $611 million, ranking it among the top four traded stablecoins globally.
The coin’s volume grew by over 228% in 24 hours, showcasing its rising popularity. This growth highlights Ripple’s success in driving Ripple USD adoption across traditional and digital financial sectors.
Bitstamp’s listing of Ripple USD enhances trading opportunities while showcasing the stablecoin’s utility for diverse financial applications. Its integration into Ethereum and collaboration with Chainlink reflect Ripple’s commitment to expanding its DeFi presence.
FAQs
RLUSD is Ripple’s stablecoin pegged to the US dollar, designed for secure and diverse financial applications.
Bitstamp, Archax, B2C2, Bitso, Uphold, and other platforms list Ripple USD, with plans for future listings.
RLUSD is issued under the New York Trust Charter, meeting strict transparency and accountability standards.
Irene Mukiri, a crypto enthusiast and writer, embraces travel. As a digital nomad, she delves into the potential of blockchain technology, showcasing its capacity to unite and empower humanity in her writing.
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