cryptobriefing.com
Binance has completed its integration of Ripple USD ($RLUSD) on the $XRP Ledger network, opening deposits for the stablecoin on the platform, according to a Thursday announcement.
The exchange said withdrawals will become available once sufficient liquidity has been established. Users can now access deposit addresses through their wallets on the platform.
$RLUSD is a dollar-pegged digital asset issued by Ripple Labs, designed to maintain a one-to-one value with the US dollar. The stablecoin operates natively on the $XRP Ledger and the Ethereum blockchain, providing a regulated, multi-chain solution for institutional payments and decentralized finance.
The listing expands access to $RLUSD, which launched in late 2024 as Ripple’s entry into the stablecoin market. The asset competes with established players including Tether’s USDT and Circle’s USDC, which together account for over $250 billion in market capitalization.
$RLUSD’s market capitalization has exceeded $1.5 billion since its 2024 launch, per CoinGecko.