PANews reported on January 10 that Jack McDonald, senior vice president of Ripple's stablecoin, revealed that the company is planning to list its dollar-pegged stablecoin RLUSD on more exchanges, including Coinbase in the United States.
McDonald said that promoting RLUSD to be listed on exchanges involves complex technical processes, including supporting different blockchains and their assets. In addition, he mentioned that some exchanges have economic partnerships with specific stablecoins, such as Coinbase and USDC, Binance and FDUSD, but he believes that Coinbase may gradually expand the range of stablecoins it supports. Currently, Coinbase already supports multiple stablecoins such as USDC, PAX, GUSD, PYUSD and USDT.
McDonald expects that by the end of 2025, more exchanges will support RLUSD. He also noted that the stablecoin market in the future will be dominated by issuers with institutional support and compliance capabilities, while smaller issuers will face challenges due to high compliance costs.
This week, Bitstamp announced support for RLUSD, which was launched last month on Ethereum and the XRP Ledger, and has received approval from the New York State Department of Financial Services (NYDFS).
