Binance will list Ripple (XRP)’s RLUSD stablecoin for spot trading, giving the dollar-backed token access to the world’s largest crypto exchange just over a month after launch. The listing initially covers Ethereum-based RLUSD, with XRP Ledger support coming soon. Trading pairs include XRP/RLUSD and RLUSD/USDT.

RLUSD currently trades at $0.9997 with a market cap of $1.41 billion, according to market data from January 21. That’s a rapid climb from the $1.3 billion milestone Ripple announced recently—growth that caught the attention of Binance Research, which labeled RLUSD a “new heavyweight” in the stablecoin sector.

What Traders Get

Beyond basic spot trading, Binance is rolling out portfolio margin eligibility for RLUSD, making it useful for leveraged strategies. The exchange also plans to add RLUSD to Binance Earn, opening yield opportunities for holders.

The multichain approach matters here. Ethereum gives RLUSD access to DeFi composability and smart contract integration. The XRP Ledger offers sub-second settlement and minimal fees—roughly $0.0002 per transaction. Traders can pick their chain based on use case.

Regulatory Edge

RLUSD operates under a New York DFS Limited Purpose Trust Company Charter, with Ripple holding conditional approval for an OCC national trust bank charter. That dual state-federal regulatory framework puts it ahead of most stablecoin competitors on compliance.

The stablecoin is backed 1:1 by U.S. dollar deposits, short-term Treasuries, and cash equivalents, with monthly attestations. BlackRock now accepts RLUSD as collateral—a significant institutional endorsement that few stablecoins can claim.

Building Momentum

The Binance listing caps a strong January for RLUSD. On January 14, Ripple secured a preliminary EMI stablecoin license from Luxembourg’s regulator. Five days later, LMAX integrated RLUSD into its institutional trading infrastructure.

Ripple has also onboarded partners including Facilita Pay, Ripio, OSL, Bitpanda, and Amina Bank to extend RLUSD’s reach in payments and remittances.

For a stablecoin that launched December 17, 2024, hitting $1.4 billion in market cap and landing on Binance within five weeks signals genuine traction. The real test comes next: whether RLUSD can carve out meaningful market share from USDT and USDC in cross-border payments and institutional DeFi. Binance’s 150 million users will certainly help that case.

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