Ripple has officially launched its U.S. dollar-pegged stablecoin, RLUSD, and Bitstamp might be the first major exchange to list it. Ripple’s SVP of Stablecoins, Jack McDonald, hinted at ongoing discussions with platforms like Coinbase but noted that listing new tokens involves technical challenges and regulatory considerations.
RLUSD is issued on Ethereum and the XRP Ledger after receiving approval from the New York State Department of Financial Services (NYDFS). This approval could pave the way for more listings by NYDFS-regulated entities.
McDonald believes more exchanges will list RLUSD by the end of 2025, though some platforms maintain exclusive partnerships with other stablecoins, such as Coinbase with USDC and Binance with FDUSD.
McDonald emphasized that trading volume and demand are key factors for exchanges when considering new listings. He also predicted that larger institution-backed stablecoin issuers will continue to dominate the market as smaller issuers struggle with rising compliance costs.
Liquidity and regulatory compliance will be crucial in shaping the stablecoin market, with dominant players like USDT and USDC likely to increase their market share. Ripple aims to drive broader adoption of RLUSD through strategic partnerships and regulatory approvals.
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