Ripple USD (RLUSD) Stablecoin Gets Listed on Major Exchange

Bullish has become the latest exchange to list the RLUSD stablecoin

Cover image via U.Today

Bullish, an institutional cryptocurrency exchange backed by Peter Thiel, has officially added the Ripple USD (RLUSD) stablecoin, according to a Tuesday announcement.

The exchange's users will not be able to trade a total of seven markets with the hotly anticipated stablecoin. These markets include RLUSD/USDC, BTC/RLUSD, XRP/RLUSD, ETH/RLUSD, USD/RLUSD, EUR/RLUSD, and SOL/RLUSD.

As reported by U.Today, the much-talked-about stablecoin officially went live on Dec. 17 after initially being announced in April. Ripple made the stablecoin available for the general public shortly after it obtained crucial regulatory approval from the New York State Department of Financial Services (NYDFS).

Earlier today, the stablecoin was also listed by Singapore-based exchange Independent Reserve.

Prior to that, the stablecoin also secured listings on such trading platforms as Bitso and Uphold.

According to data provided by CoinGecko, RLUSD currently has a market cap of $72.8 million, which currently makes it the 691st biggest cryptocurrency by market capitalization. Over the past 24 hours, it generated a relatively modest trading volume of $2.7 million.

Over the past 24 hours, roughly 1.5 million additional RLUSD tokens were minted by Ripple, according to data provided by the Ripple Stablecoin Tracker account.

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].

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Ripple USD (RLUSD) Stablecoin Gets Listed on Major Exchange

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