In a major step forward for Ripple’s financial ecosystem, cryptocurrency exchange Gemini has officially listed RLUSD — Ripple’s U.S. dollar-backed stablecoin — for trading, deposits, and withdrawals. The announcement followed a cryptic teaser from Gemini that highlighted the letters R, L, U, S, and D, sparking speculation within the XRP community before the confirmation.
With Gemini’s addition, RLUSD is now available on 15 platforms, including Bitstamp, Uphold, Revolut, Bullish, and Coinmena. This continued expansion significantly enhances the stablecoin’s global footprint and positions it as a versatile tool for payments, trading, and cross-border finance.
Ripple is already deploying RLUSD in impactful, real-world applications. On May 5, the company donated $25 million worth of RLUSD to support public education in the United States. The donation, facilitated through DonorsChoose and Teach For America, aims to provide under-resourced schools with essential supplies, technology, and educators. Ripple stated that the initiative is part of its broader commitment to advancing financial literacy and equal opportunity.
On the institutional front, RLUSD is integrated into Ripple Payments, a network used by clients to execute cross-border transactions. Further strengthening its institutional presence, Ripple recently acquired prime brokerage firm Hidden Road for $1.25 billion. RLUSD will serve as collateral in the firm’s trading and settlement operations, anchoring the stablecoin within professional finance infrastructure.
As RLUSD continues to gain traction through strategic listings and tangible use cases, it is evolving beyond the scope of a typical stablecoin. Ripple’s dual push into consumer and institutional markets signals a broader ambition to establish RLUSD as a cornerstone asset in the future of digital finance.
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