Cryptocurrency exchange Gate announced the listing of RLUSD (Ripple USD), Ripple’s U.S. dollar-backed stablecoin, alongside the introduction of trading pairs BTC/RLUSD, ETH/RLUSD, XRP/RLUSD, and RLUSD/USDT, with trading set to begin on June 15 at 09:00 (UTC). The listing enables users to trade RLUSD against major crypto assets in the spot market, expanding the role of stablecoins in broader trading activity.
RLUSD is described as a regulated, enterprise-grade stablecoin designed with an emphasis on trust, liquidity, and compliance. Issued by Standard Custody & Trust Company, LLC, a wholly owned subsidiary of Ripple Labs, RLUSD is backed on a 1:1 basis by U.S. dollar deposits, short-term U.S. Treasuries, and other cash equivalents, with monthly attestations intended to support transparency and regulatory alignment.
Positioned for payments and institutional use cases, RLUSD is intended to address demand from users, developers, and financial institutions for a stable, interoperable digital asset. Since its launch in December 2024, its market capitalisation has reportedly exceeded $1.6 billion, reflecting adoption across payments, remittances, and institutional decentralised finance applications.
RLUSD Market Expansion and Multichain Infrastructure
A multichain design underpins RLUSD’s infrastructure, with native availability on both the XRP Ledger and Ethereum. This structure allows access to faster and lower-cost transactions on XRPL while maintaining compatibility with smart contracts on Ethereum, supporting use cases in payments, liquidity provision, and cross-chain activity. The listing on Gate is expected to enhance market depth and trading efficiency across supported pairs.
Alongside the listing, Gate has introduced a promotional incentive programme totalling 750,000 RLUSD, targeting trading activity, liquidity participation, and user engagement. The programme includes retail incentives such as CandyDrop mechanisms, VIP airdrops, fee reductions, and marketing campaigns led by key opinion leaders, with activity centred on trading pairs involving BTC, ETH, and XRP. The structure is designed to stimulate trading demand while supporting broader market participation.
The platform has excluded stablecoin-to-stablecoin transactions from incentive eligibility in an effort to reduce the influence of non-organic trading activity on market metrics. Incentive distribution has been structured in tiers and phases to balance new user acquisition with ongoing engagement from existing participants, while staged withdrawal fee reductions aim to support asset movement and improve capital efficiency across trading and blockchain networks.
The RLUSD withdrawal function is scheduled to launch on June 16, 2026, at 09:00 (UTC), subject to status updates on the asset page, accompanied by a temporary fee-free withdrawal promotion for transactions of 20 RLUSD or more.
Gate stated that the introduction of RLUSD and associated incentive programmes reflects a continued focus on stablecoin market development, liquidity expansion, and ecosystem integration, with ongoing efforts to enhance trading infrastructure and support multi-chain digital asset activity.
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Source: Mpost.io
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