Ripple burns $120M RLUSD on April 30, continuing a monthly pattern that often leads to early-month liquidity mint events.
Can Ripple's RLUSD jump into the top 10 stablecoin list and cross the $2B milestone after OKX partnership?
Ripple Prime is strengthening its position in the institutional crypto market following its newly announced integration with Bullish, a move that goes beyond a typical partnership. According to CEO Mike Higgins, this development gives Ripple Prime clients direct access to Bullishs highly liquid Bitcoin options markets, marking a major step forward for hedge funds and professional traders seeking advanced digital asset exposure.
RLUSD could gain Fed payment rail access through skinny master accounts as Ripple expands stablecoin settlement use.
Ripple expands RLUSD access through OKX and Bullish, enabling spot, derivatives, and Bitcoin options trading for users.
Ripple has expanded the reach of its stablecoin, with RLUSD now live on OKX as of April 29. The listing introduces broad trading access and positions the asset as a competitor in the institutional liquidity market.
Ripple and OKX said that they formed a strategic partnership to bring Ripple USD, or RLUSD, to eligible markets on OKX. The announcement said RLUSD is now live for spot trading across more than 280 pairs, including XRP/RLUSD. The rollout affects traders and institutions seeking broader stablecoin utility inside OKX's trading environment.
The stablecoin has now gone live for spot trading across over 280 pairs on OKX.
Ripple has partnered with OKX to expand its U.S. dollar-backed stablecoin RLUSD, making it available across more than 280 spot pairs and over 300 trading routes on the exchange. The listing also allows traders to use RLUSD as margin collateral for perpetual futures, putting it in direct competition with major stablecoins like USDT and USDC.
Bitrue added Ripple's RLUSD as futures margin on April 16, expanding the stablecoin's utility beyond transfers and embedding it deeper in trading.
David Schwartz said RLUSD can support settlement use cases but is not neutral because Ripple can freeze and claw back tokens.
Mastercard is exploring the integration of Ripple's RLUSD stablecoin as a direct settlement currency within its global payments network. Christian Rau, SVP at Mastercard, confirmed a collaboration with Gemini to settle card transactions in RLUSD, with a launch expected in the first half of this year. The company's network spans 3.