Ripple’s RLUSD Expands to Major Platforms, Strengthening Crypto Market

Ripple has expanded its RLUSD stablecoin to more trading platforms, strengthening its presence in the crypto market. The company confirmed that RLUSD is now available on Zero Hash and Revolut, further extending its reach. This development enhances liquidity and accessibility for users looking to trade or utilize RLUSD in financial transactions.

Ripple’s RLUSD Gains Support on Zero Hash and Revolut

Zero Hash and Revolut have officially added support for RLUSD, boosting the stablecoin’s adoption. Ripple announced this expansion in an X post, highlighting the increasing number of platforms integrating RLUSD. Zero Hash also confirmed this move, emphasizing its commitment to regulated stablecoin technologies.

The integration allows users to transact RLUSD on the XRP Ledger and Ethereum networks. This dual-network functionality provides flexibility and wider usability for businesses and investors. Zero Hash’s infrastructure now facilitates stablecoin-based payments, remittances, and account funding, increasing RLUSD’s use cases.

Zero Hash founder and CEO Edward Woodford stated that RLUSD’s addition enhances access to innovative stablecoin solutions. He reiterated that Zero Hash aims to support various financial services, leveraging RLUSD’s capabilities. The company offers over 65 digital assets, including five stablecoins, across multiple blockchains.

Margex and Other Platforms Also Support RLUSD

Margex recently listed RLUSD alongside other stablecoins, further increasing its market presence. This listing follows similar moves by other crypto exchanges, strengthening RLUSD’s adoption. The growing number of platforms supporting RLUSD signals strong market confidence in Ripple’s stablecoin.

RLUSD is already available on major platforms such as Bitstamp, Uphold, Bullish, and Independent Reserve. Other exchanges, including Moonpay, Bitso, and Coinmena, offer RLUSD trading. This wide availability ensures users can access RLUSD for transactions and investments across different markets.

The stablecoin’s expansion aligns with Ripple’s goal of promoting a regulated digital asset ecosystem. Increased support from trading platforms reflects a positive outlook for RLUSD and its role in the crypto market. As adoption grows, RLUSD could become a key player in the stablecoin industry.

Ripple’s Engagement with US Regulators

Ripple continues engaging with US regulators to ensure compliance and policy alignment. Stuart Alderoty, Ripple’s Chief Legal Officer, recently shared insights on crypto regulations in a CNBC interview. He praised recent policy changes under the current US administration.

Alderoty acknowledged the efforts of the Securities and Exchange Commission’s (SEC) acting Chair, Mark Uyeda. He noted that the creation of a crypto task force marks a significant shift in the regulatory landscape. These changes contrast with previous policies under former SEC Chair Gary Gensler.

Ripple has also interacted with David Sacks, the newly appointed Crypto Czar. Alderoty confirmed that Ripple is working with Sacks to help shape crypto regulations. Sacks recently mentioned that the US government is evaluating a Strategic Bitcoin Reserve, emphasizing the importance of stablecoins like RLUSD.

RLUSD’s Role in Strengthening the US Dollar

David Sacks highlighted RLUSD’s potential in maintaining the US dollar’s global dominance. He stated stablecoins could enhance the dollar’s role in international trade and finance. This perspective aligns with the broader industry push for regulated stablecoins.

RLUSD’s expansion increases its credibility as a stable digital asset. More platforms integrating the stablecoin strengthen its role in financial services. The ability to process transactions on multiple blockchains adds to its appeal for businesses and consumers.

Zero Hash emphasized that RLUSD can be used for various payment solutions. The platform supports applications like payouts, tokenization, and AI-driven transactions. This integration reinforces RLUSD’s utility in the evolving digital economy.

Conclusion

Ripple’s RLUSD stablecoin is gaining momentum with its latest exchange listings. Adding Zero Hash and Revolut further enhances its market presence and usability. More platforms continue to adopt RLUSD, highlighting its growing role in the crypto sector.

Regulatory engagement remains a priority for Ripple as it navigates the evolving policy landscape. The company’s interactions with US regulators signal its commitment to compliance. As RLUSD adoption expands, it could play a crucial role in the future of digital finance.

FAQs

What is RLUSD?

RLUSD is Ripple’s stablecoin designed for secure and regulated digital transactions.

Where can RLUSD be traded?

RLUSD is available on Zero Hash, Revolut, Bitstamp, Uphold, Bullish, Independent Reserve, Moonpay, Bitso, and Coinmena.

Why is RLUSD important for the US dollar?

Stablecoins like RLUSD can help maintain the US dollar’s global dominance by facilitating efficient digital transactions.

What networks support RLUSD transactions?

RLUSD operates on the XRP Ledger and Ethereum, offering flexible transaction options.

How is Ripple engaging with US regulators?

Ripple is working with regulators to align crypto policies and support a compliant digital asset ecosystem.

References

Bitcoin.com News

Coingape 

Glossary

Stablecoin – A cryptocurrency pegged to a stable asset, like the US dollar, to reduce volatility.

Liquidity – The ease with which an asset can be bought or sold without affecting its price.

Blockchain – A decentralized digital ledger that records transactions securely.

Remittances – Transfers of money, usually by foreign workers to individuals in their home country.

Tokenization – The process of converting assets into digital tokens on a blockchain.