Bullish Lists RLUSD Stablecoin, Here Are Trading Pairs

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As a seasoned crypto investor with over a decade of experience in this dynamic digital frontier, I find the listing of RLUSD stablecoin on Bullish, a centralized trading platform, a noteworthy development. Having navigated through numerous market fluctuations and witnessed the rise and fall of countless tokens, I can attest to the significance of regulatory compliance and global recognition, both of which RLUSD seems to have in abundance.

Bullish, a centralized cryptocurrency trading platform, has revealed the addition of Ripple USD (RLUSD) stablecoin to their listings. Although it operates globally, Bullish noted that only users from eligible regions are able to trade the newly listed stablecoin. According to its product listing, the digital exchange stated that the RLUSD stablecoin is not accessible to UK investors unless they meet certain conditions.

RLUSD Stablecoin Pairs on Bullish 

Ripple currently supports a relatively small number of assets. This month, it added four new ones: MOCA, Ethereum Classic (ETC), and EDU, followed by Ripple Labs’ stablecoin. So far, it has listed seven trading pairs for the ERC-20 version of the RLUSD stablecoin this month.

According to the product details, each set features trading pairs such as RLUSD with USDC, BTC, ETH, USD, EUR, and SOL. It is noteworthy that among all the offerings since January this year, the Ripple stablecoin has the most number of paired assets.

We’re pleased to announce that @Ripple’s regulated stablecoin #RLUSD is now available on #Bullish.

From today, regions that meet the criteria can now participate in trading these markets:

— Bullish (@Bullish) December 24, 2024

Ripple recently introduced their stablecoin this month, which initially became available on Bitso, Uphold, and various international trading platforms. Today, Singapore’s Independent Reserve became the first to list the token within the country as part of its expansion plans. The digital currency is subject to regulation by the New York Department of Financial Services (NYDFS), making it one of the most heavily regulated tokens currently in circulation.

Since the listing, the token has bagged multiple listings, in a bid to drive its adoption forward.

How Much Has The Ripple Token Grown? 

Although the stablecoin launched with intense price volatility, it has maintained its 1:1 peg to the US Dollar.

At present, information from XPMarket indicates that RLUSD is currently increasing by 0.22% and holding steady at a dollar value. Initially, its market capitalization was $1.3 million, but it has grown to $4 million. However, when taking into account all potential shares, the fully diluted market cap stands at approximately $19.2 million.

To date, a grand total of 6,900 individuals currently possess the RLUSD stablecoin. It’s anticipated that the current exchange listings will significantly increase its usage. The Ripple stablecoin is proving to be off to a promising start as it garners praise from industry luminaries like Charles Hoskinson.

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2024-12-24 19:09