Ripple’s RLUSD Stablecoin Eyes Major Exchange Listings in 2025

Published by

Vignesh S G

January 10, 2025

Ripple’s stablecoin RLUSD is the talk of the town. Recently, the Bitstamp cryptocurrency exchange openly extended its support to the sensational stablecoin. A recent interview conducted by a popular media house with Jack McDonald, a senior vice president of Ripple responsible for handling its stablecoin operations, reveals that the company has plans to list its stablecoin on more exchanges. Let’s have a closer look at the developments.

What Makes RLUSD Stand Out?

While RLUSD may seem like just another dollar-pegged stablecoin, it has some unique qualities that set it apart. First, it’s launched by Ripple, a well-known company that has made headlines for its ongoing battles with U.S. regulators. Recently, RLUSD received final approval from the New York State Department of Financial Services. Following the approval, the stablecoin was launched on both the Ethereum and XRP Ledger networks.

RLUSD Expansion Plans

Bitstamp has already listed RLUSD on its platform, becoming one of the first major exchanges to officially support the stablecoin.

McDonald is optimistic about RLUSD’s future and believes the stablecoin will be listed on even more top exchanges in 2025. He mentioned that platforms like coinbase information coinbase - support@coinbase.com WalletCentralised Exchange and Binance Binance - binance@miceneurol.com Centralised ExchangeCryptocurrenciesTrading AppCryptocurrency investment might soon partner with Ripple to help boost RLUSD. However, McDonald also acknowledged the technical challenges involved in listing RLUSD on more exchanges, such as compatibility issues and market demand.

Additionally, he pointed out the challenge of exclusive relationships, citing Binance’s connection with FDUSD and Coinbase’s focus on USDC.

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Can Exclusive Partnerships Hold Back RLUSD?

McDonald remains hopeful that major exchanges might reconsider their exclusive relationships in the future. Coinbase, for example, clarified that it has no exclusive deal with USDC, as it supports a variety of stablecoins like PAX, GUSD, PYUSD, and USDT. This openness leaves room for the possibility of RLUSD being added to Coinbase’s platform.

Ripple’s RLUSD is on track to expand its presence across major exchanges, including Coinbase. With regulatory approval secured and growing interest in the stablecoin, RLUSD is positioning itself as a key player in the stablecoin market.

The next few months will reveal if more exchanges follow Bitstamp’s lead and help make RLUSD a dominant force in the crypto world.

Vignesh S G

Vignesh is a young journalist with a decade of experience. A proud alumnus of IIJNM, Bengaluru, he spent six years as a Sub-Editor for a leading business magazine, published from Kerala. His interest in futuristic technologies took him to a US-based software company specialising in Web3, Blockchain and AI. This stint inspired him to view the future of journalism through the lens of next generation technologies. Now, he covers the crypto scene for Coinpedia, uncovering a vibrant new world where technology and journalism converge.