Ripple’s regulated stablecoin, Ripple USD (RLUSD), has made its debut on leading cryptocurrency exchange Bybit, expanding its reach and accessibility to millions of traders worldwide.
Bybit users can now trade RLUSD against Tether (USDT) and use it as a base currency for major trading pairs including BTC/RLUSD, ETH/RLUSD, XRP/RLUSD, and MNT/RLUSD. The listing marks another significant step in Ripple’s push to position RLUSD at the center of global crypto trading activity.
The timing comes as RLUSD’s market capitalization nears the $750 million milestone, according to CoinGecko. Founded in 2018, Bybit has grown into one of the top global trading platforms, with over 60 million users and a strong presence in the derivatives market. It currently ranks second for XRP futures trading volume, with $1.27 billion daily volume — just behind Binance, data from CoinGlass shows.
RLUSD’s presence is also growing across other major exchanges, including Bullish, Bitstamp, and Kraken. Notably, the XRP/RLUSD pair on Bullish is seeing significant traction, topping trading charts with a 24-hour volume of $92.2 million.
The addition of RLUSD to Bybit further solidifies Ripple’s stablecoin as a key player in the digital asset ecosystem and signals rising demand for regulated, enterprise-grade stablecoins.
Image Credit: Pixabay
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
