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RLUSD Listed on Bybit, XRP Open Interest Surges to $1 Billion

source-logo  coinedition.com 28 September 2025 04:33, UTC
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Ripple USD-backed stablecoin RLUSD is now live on Bybit, expanding Ripple’s stablecoin presence with USDT, BTC, ETH, XRP, and MNT trading pairs. The listing increases liquidity, opens cross-chain support on Ethereum (ETH) and the XRP Ledger (XRPL), and builds momentum for wider adoption.

Bybit Adds RLUSD Trading Pairs

Bybit confirmed that Ripple USD (RLUSD) is now available for deposits, withdrawals, and spot trading. The rollout includes RLUSD/USDT, RLUSD/BTC, RLUSD/ETH, RLUSD/XRP, and RLUSD/MNT trading pairs, giving traders flexibility to swap RLUSD against both major and emerging tokens.

The launch improves RLUSD’s liquidity profile and positions Bybit as a key exchange for stablecoin activity.

Related: Ripple–Securitize Tie-Up Brings RLUSD Into Real-World Asset Funds

Ripple USD Stablecoin Features

Ripple has positioned RLUSD as a USD-backed stablecoin, redeemable 1:1, with reserves managed to meet regulatory standards. Bybit’s support on both ETH and XRPL networks allows users to move seamlessly between blockchains, reducing friction for traders and institutions alike.

Market Momentum and Adoption

RLUSD is gaining traction across exchanges. Gemini listed RLUSD in May 2025, driving higher volumes. Margex later enabled leverage trading with RLUSD collateral. Now, Bybit’s listing expands access further, raising speculation that Binance and Coinbase may follow.

Meanwhile, early market reactions show RLUSD is drawing speculative flows. XRP open interest surged past $1 billion as RLUSD debuted on Bybit. Traders view RLUSD as both a liquidity vehicle and a bridge to Ripple’s wider ecosystem.

Related: Ripple Pledges $25M in Stablecoin RLUSD for Loans and Job Programs

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