Ripple’s RLUSD Listing Gains Momentum: Bitstamp Leads the Way
Ripple’s stablecoin RLUSD has become a hot topic. Recently, cryptocurrency exchange Bitstamp publicly provided support for this blockbuster stablecoin. A recent interview conducted by a popular media with Jack McDonald, Ripple’s senior vice president responsible for handling its stablecoin business, revealed that the company plans to list its stablecoins on more exchanges. Let’s take a closer look at how things unfold.
Ripple’s RLUSD: A quick overview
There’s a reason why RLUSD is causing extreme excitement in the cryptocurrency market. Indeed, it is just a stablecoin pegged to the US dollar. But there are indeed some strong reasons that make this stablecoin stand out. Mainly a stablecoin launched by Ripple, a company that has created several high-profile headlines for its ongoing battle with U.S. regulators. It was recently announced that the stablecoin received final approval from the New York State Department of Financial Services. Last month, the stablecoin launched on Ethereum and XRP Ledger following approval.
RLUSD exchange listing status
Bitstamp was one of the first cryptocurrency exchanges to publicly support Ripple. RLUSD has been listed on the exchange.
In a positive response to questions about RLUSD’s exchange expansion potential in 2025, McDonald expressed confidence in the possibility of well-known exchanges including Coinbase and Binance joining forces with the company to promote the development of stablecoins.
Next steps for listing RLUSD on an exchange
While McDonald sounded confident, he cited the technical challenges of listing on an exchange. He began by highlighting issues related to compatibility and requirements. Second, he highlighted the threat of exclusive relationships, pointing to Binance’s exclusive relationships with FDUSD and Coinbase with USDC.
Regardless, McDonald expressed hope that major exchanges will reconsider their exclusive relationship policies in the future.
In contrast, a public statement from Coinbase stated that Coinbase does not have an exclusive relationship with USDC and explained how the exchange supports various stablecoins such as PAX, GUSD, PYUSD, and USDT.
All in all, Ripple’s RLUSD is following a strategic path to expand its presence on top exchanges like Coinbase. With regulatory approval and growing market influence, the stablecoin reflects Ripple’s vision for the future of stablecoins in a competitive landscape.
