Ripple shared important news about its stablecoin RLUSD.
According to the official release, the list includes support for Ethereum, while XRP Ledger (XRPL) capabilities are on the way.
On launch day, available trading pairs include:
In addition, the mention will cover:
- Spot trading support for the stablecoin
- Eligible for portfolio margin
- Inclusion in Binance Earn will also take place soon
This should increase RLUSD’s overall usefulness for leveraged trading while strengthening its position as yet another stablecoin trying to capitalize on this growing crypto story.
At the time of writing this, the total market capitalization is $1.4 billion. While this is a far cry from the market leaders of USDT and USDC, which are currently trading at $186 billion and $74 billion respectively, RLUSD is on a steady upward trajectory.
Meanwhile, a partnership with Binance adds to the growing list of collaborations Ripple is working on. As CryptoPotato reported last November, MasterCard was the latest financial giant to join Gemini in testing RLUSD usage on the XRPL.
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