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Ripple has partnered with OKX to expand its U.S. dollar-backed stablecoin $RLUSD, making it available across more than 280 spot pairs and over 300 trading routes on the exchange.
The listing also allows traders to use $RLUSD as margin collateral for perpetual futures, putting it in direct competition with major stablecoins like $USDT and $USDC.
OKX Lists $RLUSD With Futures Collateral and Full XRPL Support
OKX confirmed that $RLUSD is now live on its platform and integrated into its Unified Order Book, providing access to deep liquidity across hundreds of trading pairs.
The exchange also added full $XRP Ledger (XRPL) deposit and withdrawal support, allowing users to move $RLUSD directly through the XRPL network.
Beyond spot trading, $RLUSD can now be used as collateral for futures and margin trading, expanding its role for active traders and institutions.
Ripple SVP of Stablecoins Jack McDonald said:
“As $RLUSD adoption accelerates, we’re seeing strong demand across both crypto-native and institutional markets, particularly for high-quality collateral.”
OKX described $RLUSD as:
“A dollar-backed stablecoin designed for high-standard compliance.”
Why It Matters
Using $RLUSD as futures collateral gives it a stronger role than a standard payment stablecoin and places it against established market leaders like $USDT and $USDC.
The OKX integration improves $RLUSD liquidity and gives institutions another stablecoin option for margin trading and settlement.
It also increases utility for the $XRP Ledger by adding direct deposit and withdrawal support for $RLUSD on the network.
What Next
The next key metric will be whether $RLUSD can attract sustained trading volume and institutional usage on OKX.
Ripple is expected to expand $RLUSD across more exchanges and trading platforms as it pushes deeper into the stablecoin market.