Ripple Introduces RLUSD on Bitstamp, Boosting Global Liquidity and Key Trading Pairs

Ripple Introduces RLUSD on Bitstamp With Global Liquidity in High-Impact Trading Pairs

Ripple USD (RLUSD), a U.S. dollar-pegged enterprise-grade stablecoin, has officially launched on the Bitstamp cryptocurrency exchange. This marks another step in Ripple’s mission to revolutionize digital finance. Bitstamp announced that RLUSD, initially available on the Ethereum network, is now live and offers trading pairs designed to enhance global liquidity.

Global Trading Pairs for RLUSD
RLUSD is tailored for institutional use cases, including payments, tokenization, and decentralized finance (DeFi). Bitstamp now supports the following RLUSD trading pairs:

• RLUSD/EUR
• RLUSD/USD
• RLUSD/USDT
• RLUSD/BTC
• RLUSD/ETH
• RLUSD/XRP

Although RLUSD operates on both the Ethereum and XRP Ledger blockchains, Bitstamp currently lists it exclusively on Ethereum. The exchange highlighted:

"RLUSD is fully backed by cash and cash equivalents, ensuring a 1:1 redeemability in US dollars."

Launched on December 17, 2024, RLUSD has already gained significant traction in the cryptocurrency market. Its backing by Ripple’s expertise in enterprise financial solutions underscores its potential for transformative applications.

Compliance, Stability, and DeFi Integration
Ripple emphasizes that RLUSD complies with regulatory standards, being issued under a New York Trust Charter. This ensures stability and trustworthiness for use in payments, tokenization, and DeFi applications. RLUSD serves as a bridge between fiat, crypto, and stablecoins, leveraging Ripple’s global partnerships to enhance its ecosystem.

Ripple has also adopted the Chainlink standard for reliable on-chain pricing data, further integrating RLUSD into DeFi platforms.

Expanding RLUSD’s Reach
In addition to Bitstamp, RLUSD is accessible on other major platforms, including Uphold, Bitso, Moonpay, Archax, and Coinmena. Ripple President Monica Long recently stated that RLUSD will soon be available on additional exchanges, broadening its accessibility to global markets.

Impact on XRP and Future Developments
The introduction of RLUSD has positively influenced XRP prices, with analysts suggesting that RLUSD’s presence could bolster XRP liquidity and utility. Ripple executives, including CEO Brad Garlinghouse, foresee further innovations, including potential XRP exchange-traded funds (ETFs).

With RLUSD now live on Bitstamp, Ripple continues to drive advancements in cryptocurrency, offering stability, compliance, and innovation in the evolving digital finance landscape.