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Good News! Margex Lists Ripple’s RLUSD Stablecoin for Crypto Trading

Published by
Mustafa Mulla

Margex, a top crypto trading platform, has added support for Ripple’s RLUSD stablecoin. Traders can now use RLUSD as collateral for various crypto pairs, making trading more secure and efficient. This move highlights Margex’s focus on innovation and accessibility in the crypto market.

Why RLUSD Stands Out

On January 29, Margex announced that RLUSD is now part of its stablecoin offerings. This addition allows traders to use RLUSD alongside USDT and other stablecoins, ensuring smooth and hassle-free transactions.

RLUSD, issued by Ripple, is designed for fast and secure cross-border payments, making it a strong choice for global traders. It is backed by dollar reserves, government bonds, and cash equivalents, maintaining a 1:1 peg to the U.S. dollar. Additionally, it is regulated by the New York Department of Financial Services (NYDFS), adding trust and security for both new and experienced traders.

More Listings Coming Soon

Ripple’s RLUSD is already available on major platforms such as Bitstamp, Uphold, Bullish, Independent Reserve, MoonPay, Bitso, and Coinmena. But Ripple isn’t stopping there—it is actively working to secure listings on major exchanges like Coinbase, Binance, and Bybit.

Ripple CEO Brad Garlinghouse and President Monica Long expect RLUSD demand to grow significantly by 2025, strengthening its position in the stablecoin market.

Margex Enhances Trading with New Features

Along with adding RLUSD, Margex is upgrading its platform with TradingView charting tools. These tools give traders access to real-time price data, 100+ technical indicators, and advanced drawing tools to help them make better trading decisions.

Looking ahead, Margex is also developing a new digital wallet to provide users with more control over their crypto assets in a secure environment.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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