Ripple’s new U.S. dollar-pegged stablecoin, RLUSD, has officially launched, and now the company is setting its sights on getting it listed on more major exchanges. Jack McDonald, Ripple’s senior vice president of stablecoins, shared insights into the process during an interview hinting that Coinbase is among the platforms being considered.
McDonald explained that getting a stablecoin like RLUSD listed on exchanges involves more than just an agreement. There are technical steps to ensure the token works properly across different blockchain networks, such as Ethereum and the XRP Ledger, where RLUSD is currently available. He mentioned that exchanges must support these underlying blockchains, which adds complexity to the listing process.
Bitstamp, a global cryptocurrency exchange, has already confirmed its support for RLUSD. While McDonald didn’t predict exactly which exchanges will list RLUSD in 2025, he expressed confidence that more will come by the end of the year.
McDonald’s also acknowledged the role of strategic partnerships in exchange listings. He pointed out that exchanges like Coinbase and Binance often have exclusive relationships with certain stablecoins, such as Coinbase’s tie with USDC and Binance’s relationship with FDUSD. However, he suggested that Coinbase may be open to diversifying its stablecoin offerings over time.
RLUSD’s approval from the New York State Department of Financial Services (NYDFS) is a key advantage, as it paves the way for more regulated entities to adopt the stablecoin.
Given the increasing regulatory challenges, McDonald predicts that larger, institutionally backed stablecoin issuers will continue to dominate the market. He also believes liquidity will play a key role in determining which stablecoins thrive, with major players like USDT and USDC gaining more ground.
Also Read: Ripple’s RLUSD Grows, XRP ETF Could Be Approved Soon
