Ripple News Today: Ripple’s RLUSD Listing Sparks Market Buzz as XRP Gains Institutional Traction
The post Ripple News Today: Ripple’s RLUSD Listing Sparks Market Buzz as XRP Gains Institutional Traction appeared on BitcoinEthereumNews.com.
Ripple’s latest move to expand its stablecoin footprint with RLUSD has caught the crypto market’s attention, stirring a wave of optimism among XRP supporters and institutional investors alike. With major exchanges like Bitget listing fresh trading pairs and financial strategists praising the evolving infrastructure, the Ripple ecosystem appears to be stepping into a new era of utility and relevance beyond the courtroom headlines. RLUSD Listings Go Live on Bitget In a significant development, Bitget—one of Asia’s leading crypto exchanges—has announced the launch of new trading pairs featuring Ripple’s RLUSD stablecoin. The exchange first added RLUSD support in late May with RLUSD/USDT and RLUSD/USDC pairs. As of June 5, new listings include BTC/RLUSD, ETH/RLUSD, and notably XRP/RLUSD, solidifying the connection between Ripple’s native token and its dollar-pegged stablecoin. Crypto exchange Bitget has expanded its support for Ripple’s RLUSD by listing new trading pairs: BTC/RLUSD, ETH/RLUSD, and XRP/RLUSD. Source: Bitget via X The move marks a deepening of Ripple’s footprint in the crypto trading landscape. According to CoinMarketCap, RLUSD currently holds a market capitalization of around $369 million, with a total supply nearing 370 million tokens. Despite the increasing volume, Ripple has been conservative with issuance—minting 38 million RLUSD in April and later burning 15 million, suggesting a focus on maintaining a stable and predictable supply. XRP and RLUSD: A New Global Finance Backbone? The emergence of RLUSD is more than a simple stablecoin listing—it’s part of a broader Ripple strategy to overhaul legacy payment networks like SWIFT and Fedwire. As noted by market analyst Pumpius, this is “not just another token pairing,” but rather an engineered mechanism for enabling real-time, borderless FX settlements outside the control of traditional banking institutions. Unlike USDC or USDT, RLUSD is not backed by U.S. Treasury assets or Wall Street custodians. Instead, it operates as a…
Filed under: News - @ June 5, 2025 6:28 pm