Binance has accomplished its integration of Ripple USD (RLUSD) on the XRP Ledger community, opening deposits for the stablecoin on the platform, in line with a Thursday announcement.
The change stated withdrawals will grow to be obtainable as soon as ample liquidity has been established. Customers can now entry deposit addresses by way of their wallets on the platform.
RLUSD is a dollar-pegged digital asset issued by Ripple Labs, designed to take care of a one-to-one worth with the US greenback. The stablecoin operates natively on the XRP Ledger and the Ethereum blockchain, offering a regulated, multi-chain answer for institutional funds and decentralized finance.
The itemizing expands entry to RLUSD, which launched in late 2024 as Ripple’s entry into the stablecoin market. The asset competes with established gamers together with Tether’s USDT and Circle’s USDC, which collectively account for over $250 billion in market capitalization.
RLUSD’s market capitalization has exceeded $1.5 billion since its 2024 launch, per CoinGecko.
