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Gemini Lists Ripple’s RLUSD Stablecoin for Trading Surge
By: live bitcoin news|2025/05/07 11:15:01
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Gemini lists RLUSD, enabling trading, deposits, and withdrawals. RLUSD’s market cap hits $317M, up 338.6% since 2025. Trading volume surges 63.7% to over $52M post-listing.Gemini, a cryptocurrency exchange, now lets users trade Ripple’s stablecoin RLUSD. The RLUSD was made available for trade deposits and withdrawals on May 6, 2025. In December 2024 Ripple introduced RLUSD as a stablecoin that maintains a 1:1 dollar correlation and stores collateral through dollars, short-term U.S. Treasuries, and cash equivalents.Users benefit from choosing between the XRP Ledger and Ethereum blockchains when they use RLUSD. According to CoinMarketCap data the digital currency has gained user trust and now holds a $317 million market value. The market shows strong interest through a 338.6% boost in adoption since 2025 came early.RLUSD’s Rapid Growth and Market ImpactWithin a very short period of time, RLUSD has shown significant progress. After Gemini’s listing RLUSD saw its trade volume spike 63.7 percent up to $52 million in one day. RLUSD sees increased trading activity thanks to its rising value as a preferred tool for traders. The stablecoin works better for enterprise clients because it adds fast and affordable payment options on Ripple’s cross-border platform.Ripple increasingly produced major blocks of RLUSD tokens to serve buyer needs. On April 25, 2025 Ripple Treasury released three mint batches totaling 38 million RLUSD with an 11.5 million batch followed by two batches of 11.5 million and 15 million tokens. The supply network for RLUSD reaches various liquidity pools and payment networks to help RLUSD expand its capacity.Users can perform a wide range of transactions using the stablecoin. People can utilize RLUSD as backing for their transactions while also trading with centralized banks. Mercy Corps Ventures and DIVA Donate collaborate with Ripple to make RLUSD work for real-life aid delivery to Kenya. These efforts showcase how RLUSD can simplify international financial processing.Strategic Listings Boost RLUSD’s AccessibilityAlong with Bitstamp and Kraken, Gemini joins the ranks of fifteen cryptocurrency exchanges that provide RLUSD trading services.By expanding its availability to more user bases across different regions RLUSD helps payments between countries work better plus offers stablecoin storage for customers who want crypto-to-fiat exchange options. By choosing to partner with multiple exchanges Ripple intends to build RLUSD into a major stablecoin rivaling established coins Tether and USDC.By joining DeFi platforms like Aave V3 Ethereum Market RLUSD expands its market presence. Users on Aave can lend and borrow RLUSD tokens up to 5 million and provide a maximum of 50 million tokens into the network. Our April 2025 announcement shows RLUSD is expanding into DeFi platforms.RLUSD gains authority because Ripple maintains strong adherence to financial rules. RLUSD operates as a digital asset under New York State’s limited purpose trust company charter and follows strict DFS regulations. The stablecoin format of our product serves as a dependable platform for settlements in the real financial sector according to our Ripple team member.The markets support high trading activity with RLUSD since its volume represents 12.08% of its total value. The stablecoin market position for RLUSD shows better capital efficiency than USDC and PayPalUSD in the industry. The company continues to invest in public schools with $25 million of RLUSD to demonstrate how users can apply the coin in daily life.The post Gemini Lists Ripple’s RLUSD Stablecoin for Trading Surge appeared first on Live Bitcoin News.
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