Ripple’s RLUSD Stablecoin: The New Star of Crypto Listings! 🌟

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Ah, dear reader, gather ’round as we delve into the curious case of Ripple’s RLUSD stablecoin, which, like a sprightly young lad at a ball, has secured yet another listing on a crypto trading platform this fine Wednesday! The high-leverage exchange Margex, in a fit of enthusiasm, has decided to embrace RLUSD, offering it a cozy spot among its stablecoin companions. One can only imagine the raucous celebrations in the Ripple offices, where the air is thick with the scent of ambition and perhaps a hint of desperation! 🎉

Ripple’s RLUSD Takes the Stage at Margex

In a press release that surely sent ripples (pun intended) through the crypto community on January 29, Margex announced the grand entrance of RLUSD into its stablecoin lineup. This illustrious exchange has declared that RLUSD will now serve as collateral for trading crypto pairs, much like a trusty steed in a grand jousting tournament. 🏇

Now, users can frolic with RLUSD alongside other stablecoins like USDT, ensuring that their crypto trading is as reliable and efficient as a well-oiled machine—or at least as reliable as a cat on a hot tin roof! And let us not forget, dear friends, that Ripple USD’s presence on this platform promises to facilitate swift and secure cross-border payments, making it the darling of the international money transfer scene. NYDFS-regulated, this stablecoin is the trusted companion for trading crypto assets, offering cheap and secure options for users. It even doubles as a hedge during market fluctuations, which is rather like having a trusty umbrella on a day when the skies threaten to open up! ☔

Margex Unveils the TradingView Charting Tool

But wait, there’s more! Margex has also announced the integration of TradingView’s Charting Tool, which boasts more than 100 technical indicators, over 110 drawing tools, and 17 chart types. One can only imagine the joy of traders as they navigate this cornucopia of options, like children in a candy store! 🍬

And in a move that surely delighted the meme-loving masses, Margex has added the option for instant withdrawal and deposit of Dogecoin (DOGE). The existing options include Kaspa (KAS) and Toncoin (TON), making it a veritable smorgasbord of crypto delights! 🥳

RLUSD’s Growing Family of Crypto Exchanges

Our dear Ripple’s regulated stablecoin, RLUSD, has found a home on various crypto platforms, including Bitstamp, Uphold, Bullish, Independent Reserve, Moonpay, Bitso, and Coinmena. The company, in its relentless pursuit of glory, seeks listings on the grand stages of Coinbase, Binance, and Bybit. Ripple’s esteemed executives, CEO Brad Garlinghouse and President Monica Long, are positively giddy with anticipation for a massive increase in demand for their stablecoin by 2025. One can only hope they have their party hats ready! 🎈

Ripple USD Reserve Report: A Peek Behind the Curtain

Meanwhile, the RLUSD stablecoin remains steadfastly pegged to the US dollar at a 1:1 ratio, much like a loyal dog waiting for its master. It is backed by a collateralized mechanism that includes dollar deposits, government bonds, and cash equivalents—quite the impressive portfolio, if I may say so! 💼

Standard Custody & Trust Company, in a display of fiscal responsibility, has released the RLUSD reserves report for December, courtesy of the accounting firm BPM. As of December 31, the total market value of the reserves stands at a staggering $83.21 million. This includes $30 million in US treasury bills, $30.11 million in government money-market funds, and $22.97 million in cash deposits, with accrued interest of $20,912. One can only marvel at the meticulousness of it all! 📊

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2025-01-29 13:37