Crypto exchange Bitget will list Ripple USD (RLUSD), a new USD-backed stablecoin issued by a Ripple subsidiary. The token will be available for trading in Bitget’s Innovation and Web3 Zone.
Trading began at 10:00 AM UTC with two spot pairs: RLUSD/USDT and RLUSD/USDC. Deposits were opened earlier. Withdrawals will go live on May 30 at 11:00 AM UTC.
RLUSD is issued by Standard Custody & Trust Company, LLC, a registered trust company fully owned by Ripple Labs. The stablecoin is backed 1:1 by U.S. dollars and cash equivalents and is aimed at cross-border payments — one of Ripple’s long-standing focus areas.
The token is currently supported on both Ethereum (ERC-20) and the XRP Ledger.
- ERC-20 contract address: 0x8292bb45bf1ee4d140127049757c2e0ff06317ed
- XRP Ledger address: rMxCKbEDwqr76QuheSUMdEGf4B9xJ8m5De
Bitget’s Innovation and Web3 Zone is dedicated to tokens with new use cases or underlying infrastructure, often before they go fully mainstream. The RLUSD listing aligns with Bitget’s push to offer more regulated and payment-oriented assets on its platform.
Ripple, best known for its XRP token and enterprise payment systems, is positioning RLUSD as a compliant alternative to existing stablecoins. The company says the token is built around trust, liquidity, and regulatory standards.
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