XRP News: Ripple’s RLUSD Goes Live on Binance as XRPL Support Nears

In the latest XRP News, Ripple shared that its RLUSD stablecoin would begin spot trading on Binance tomorrow. They also shared that the integration of the XRPL would come in later.

Ripple’s Stablecoin RLUSD Gets Key Binance Listing

In a recent press release, the firm shared that its stablecoin would be available to traders on the exchange from 26th of January. The coin will support Ethereum upon launch with the XRP Ledger integration expected to follow.

Binance posted that they would have trading pairs for both USDT and XRP. This would allow investors to trade the stable coin with their new alt coin. Soon after, investors would be able to earn yield on the exchange with their new asset.

This is especially the case for RLUSD, which has already seen over $1.3 billion in market value due to its adoption among major partners and institutions. The listing will provide the stablecoin with access to further liquidity because of the large number of users on the exchange.

“This multichain listing ensures greater accessibility for users and institutions, whether they operate natively on XRPL or within the Ethereum ecosystem. For Ripple, it’s a crucial step toward enabling real-world payments, on-chain liquidity, and cross-network interoperability at scale,” they said.

Binance announced that users can now begin depositing their token before the initial exchange offering tomorrow. They also announced that there is a zero-fee campaign for the coin..

“To celebrate the launch, Binance is introducing a zero fee promotion for the RLUSD/USDT and RLUSD/U trading pairs,” Binance said in a release.

The listing comes just after Bybit listed RLUSD on its platform last September. The stablecoin has continued to see growing adoption as market embraces its development.

Momentum Continues to Grow Globally

Ripple highlighted in its release that the stablecoin has seen further expansion across the world. At this time, this coin has been accepted as a genuine fiat system reference coin by the FSA in Abu Dhabi as a genuine system for a legal operation by any institution that is controlled by this authority.

In addition, the RLUSD system has been adopted in the rest of the world, including Africa, with the help of Chipper Cash. The company also acquired a license from the Dubai Financial Services Authority, in partnership with Fintech Bay, which is based in Bahrain, serving the Gulf region.

On the institutional side, the firm sought to boost the stablecoin’s growth through a partnership with LMAX Group. Ripple invested $150 milllion in the company. The Group would use the firm’s stablecoin for its institutional FX trading infrastructure,