The Bullish platform has announced the listing of Ripple's RLUSD stablecoin, marking a significant event in the crypto asset space.
RLUSD Listing Details
The Bullish exchange has added Ripple’s RLUSD stablecoin, making it the fourth asset listed this month. The stablecoin is available in ERC-20 format and comes with seven trading pairs, including RLUSD/USDC, BTC/RLUSD, ETH/RLUSD, among others.
RLUSD's Growth Status
Despite initial fluctuations, the RLUSD stablecoin maintains its 1:1 peg to the US Dollar. Recent data from XPMarket shows RLUSD holds a value of $1 with a 0.22% increase. The market capitalization has reached $4 million with a fully diluted value of $19.2 million.
Ripple's Plans with RLUSD
Following its initial listing in Singapore, the RLUSD stablecoin has been added to platforms like Bitso and Uphold. Its addition to Bullish highlights Ripple's growing strategic impact on the market. Regulatory compliance and expansion plans indicate potential growth in exchange presence.
The listing of RLUSD on Bullish is a crucial step in increasing Ripple's presence in the crypto world. Attention to compliance and expansion plans may aid in the asset's popularization.
