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Ripple’s USD-pegged stablecoin,
, continues to gain momentum in the cryptocurrency market, with BitMEX reportedly preparing to list the asset. This development was highlighted by crypto influencer Amelie, signaling BitMEX’s intention to support RLUSD trading. While BitMEX has yet to issue an official statement, this move aligns with Ripple’s broader strategy to expand RLUSD’s availability across major exchanges.Since its launch in December 2024, RLUSD has been listed on several prominent exchanges, including Gemini, Bitstamp, Kraken, and Bullish. Gemini’s recent addition of RLUSD led to a significant surge in trading volume, underscoring the market’s growing interest in RLUSD as a stable and reliable digital asset. Ripple’s commitment to transparency and regulatory compliance has been a driving force behind RLUSD’s adoption. The stablecoin is fully backed by U.S. dollar deposits, short-term U.S. Treasuries, and cash equivalents, ensuring its stability and trustworthiness.
Beyond exchange listings, RLUSD is being integrated into Ripple’s broader financial ecosystem. The stablecoin is now part of Ripple Payments, the company’s enterprise-grade cross-border payment solution. Additionally, Ripple’s acquisition of prime brokerage firm Hidden Road for $1.25 billion aims to utilize RLUSD as collateral in institutional settlement services, further embedding the stablecoin into global financial infrastructure. Ripple has also demonstrated RLUSD’s utility in real-world applications. In a notable philanthropic effort, the company donated $25 million in RLUSD to support U.S. educational initiatives, distributing funds through organizations like DonorsChoose and Teach For America. This initiative highlights RLUSD’s potential for efficient, transparent, large-scale transactions.
As RLUSD continues to gain traction, its market capitalization has experienced substantial growth. Following its listing on Gemini, RLUSD’s market cap reached $317 million, marking a 338.6% increase since the beginning of 2025. The anticipated listing on BitMEX is expected to further enhance RLUSD’s liquidity and accessibility, attracting both retail and institutional investors. As Ripple continues to expand RLUSD’s presence across exchanges and integrate it into various financial services, the stablecoin is poised to play a significant role in the evolving digital asset landscape.
Ripple's strategic partnerships and regulatory milestones have also contributed to the positive sentiment surrounding RLUSD. The company recently announced strategic partnerships with Zand Bank and Mamo to expand its blockchain-based payments infrastructure across the Middle East. Zand Bank is reportedly developing an AED-backed stablecoin, which is aimed at improving settlement speeds in the region's rapidly evolving digital economy. Additionally, Ripple's regulated XRP futures launch on CME Group is seen as a key institutional milestone for the XRP community, further solidifying its position in the market.
The introduction of RLUSD is part of Ripple's broader strategy to enhance its utility in the financial ecosystem. The stablecoin is backed by German custody, which provides an additional layer of security and trust for investors. Ripple's Fidor Bank tie, established in 2014, has also played a significant role in its growth and adoption. The company's focus on regulatory compliance and strategic partnerships has positioned it as a leader in the stablecoin market, with RLUSD poised to become a mainstream asset in the coming years.

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