The Gemini cryptocurrency exchange has officially listed Ripple’s RLUSD stablecoin, enabling trading, deposits, and withdrawals for its users. This move signals growing institutional confidence in the digital asset and offers traders enhanced access to a dollar-pegged cryptocurrency.
Available since May 6, 2025, RLUSD is designed to maintain a 1:1 peg with the US dollar, backed by collateral consisting of US dollars, short-term US Treasuries, and cash equivalents. Launched in December 2024 by Ripple, this stablecoin provides users the flexibility to operate on both the XRP Ledger and Ethereum blockchains.
Since the beginning of 2025, RLUSD has experienced remarkable growth, with its market capitalization surging by 338.6% to reach $317 million. This rapid adoption reflects increasing trust among investors and institutions. Following its listing on Gemini, the trading volume of RLUSD spiked by 63.7%, exceeding $52 million in a single day.
RLUSD’s Market Performance and Growth
The listing of RLUSD on Gemini marks another milestone in Ripple’s strategy to expand the utility and reach of its stablecoin. Data from major market trackers confirms a sharp rise in trading activity and liquidity, making RLUSD one of the fastest-growing stablecoins in the crypto market.
Market interest has been fueled by RLUSD’s reliability and its integration within Ripple’s cross-border payment solutions. Enterprises benefit from the stablecoin’s fast transaction speeds and low costs, especially in international settlements.
Ripple has been proactive in supporting demand through strategic token minting events. For example, on April 25, 2025, the Ripple Treasury released three separate batches of RLUSD tokens—11.5 million, 11.5 million, and 15 million—totaling 38 million new tokens. These were distributed across various liquidity pools and payment networks to ensure seamless usability.
Expanding Use Cases and Real-World Applications
RLUSD is not limited to speculative trading. Its design supports a wide range of financial operations, including remittances, merchant payments, and as collateral in decentralized finance (DeFi) applications.
Several organizations are already leveraging RLUSD for humanitarian and social impact projects. For instance, Mercy Corps Ventures and DIVA Donate have partnered with Ripple to facilitate aid delivery in Kenya using RLUSD. This demonstrates the stablecoin’s potential to improve transparency and reduce costs in charitable transactions.
Businesses and individual users also utilize RLUSD for hedging against market volatility and accessing crypto-fiat gateways. Its compliance with regulatory standards adds a layer of security that appeals to conservative investors.
For those interested in exploring real-time trading tools and platforms that support RLUSD, you can view current market analytics and trading pairs.
Strategic Exchange Listings and DeFi Integration
Gemini is among more than fifteen leading cryptocurrency exchanges—including Bitstamp and Kraken—that have listed RLUSD. These partnerships are crucial in improving global accessibility and reinforcing Ripple’s vision of making RLUSD a leading stablecoin competitor against established names like Tether (USDT) and USD Coin (USDC).
Besides centralized exchanges, RLUSD is also making inroads into the DeFi ecosystem. It was recently integrated into Aave V3’s Ethereum Market, allowing users to lend and borrow RLUSD with a supply cap of 50 million tokens and a borrowing limit of 5 million. This provides liquidity opportunities for DeFi participants while expanding the stablecoin’s functional scope.
Such integrations not only enhance utility but also contribute to the overall liquidity and stability of RLUSD in open financial markets.
Regulatory Compliance and Trust
A significant factor behind RLUSD’s rapid adoption is its strong regulatory footing. Ripple operates under a New York State limited-purpose trust company charter and follows strict guidelines set by the Department of Financial Services (DFS).
This compliance-first approach ensures that RLUSD meets high standards of transparency and accountability. Each token is fully backed by reserves, and regular audits are conducted to verify collateralization.
Ripple’s emphasis on regulation has made RLUSD a preferred choice for institutional users who require legally compliant digital assets for large-scale settlements.
Market Efficiency and Future Outlook
RLUSD stands out for its capital efficiency, with trading volume representing 12.08% of its total market value—a higher ratio than many competing stablecoins, including USDC and PayPal USD.
This indicates strong market participation and liquidity depth, making it attractive for high-frequency traders and liquidity providers.
Looking ahead, Ripple continues to explore new partnerships and real-world applications. A recent $25 million donation in RLUSD to support public schools highlights its use beyond pure finance, serving as an educational tool for blockchain-based transactions.
As Ripple broadens its ecosystem, RLUSD is positioned to play an integral role in the future of global digital payments.
Frequently Asked Questions
What is RLUSD?
RLUSD is a US dollar-backed stablecoin launched by Ripple in December 2024. It is fully collateralized by cash, cash equivalents, and short-term US Treasury holdings, ensuring a 1:1 peg with the US dollar.
Which blockchains support RLUSD?
RLUSD is available on both the XRP Ledger and the Ethereum blockchain, giving users flexibility in transaction speed, cost, and interoperability with various decentralized applications.
How can I trade RLUSD?
RLUSD is listed on multiple major exchanges, including Gemini, Kraken, and Bitstamp. You can buy, sell, or trade it against other cryptocurrencies or fiat currencies. To explore trading platforms that offer RLUSD, check reputable exchange listings.
Is RLUSD regulated?
Yes. Ripple issues RLUSD under a New York limited-purpose trust charter and complies with DFS regulations. This ensures regular auditing and transparency regarding its reserve holdings.
What makes RLUSD different from other stablecoins?
RLUSD emphasizes cross-border payment efficiency, regulatory clarity, and multi-chain functionality. It is designed for both individual and enterprise use, with a focus on real-world utility.
Can RLUSD be used in DeFi?
Absolutely. RLUSD is integrated into DeFi protocols like Aave, where it can be supplied, borrowed, or used as collateral, offering users opportunities to earn yield or leverage their holdings.