The post Ripple’s RLUSD Listing Gains Momentum: Bitstamp Leads the Way appeared first on Coinpedia Fintech News
Ripple’s stablecoin RLUSD is the talk of the town. Recently, the Bitstamp cryptocurrency exchange openly extended its support to the sensational stablecoin. A recent interview conducted by a popular media house with Jack McDonald, a senior vice president of Ripple responsible for handling its stablecoin operations, reveals that the company has plans to list its stablecoin on more exchanges. Let’s have a closer look at the developments.
Ripple’s RLUSD: A Quick Overview
There is a reason why RLUSD has created extreme excitement in the crypto market. It is true that it is just a dollar-pegged stablecoin. But there do exist a few strong reasons that make this stablecoin stand out. Primarily, it is a stablecoin launched by Ripple, a company that has created several eye-catching headlines for its tireless battles against the US regulators. It was recently announced that the stablecoin received the final approval from the New York State Department of Financial Services. Last month, after the approval, the stablecoin was launched on Ethereum and XRP Ledger.
Current Status of RLUSD Exchange Listings
Bitstamp is one of the first crypto exchanges to support Ripple openly. RLUSD has been listed on the exchange already,
Responding positively to questions about the exchange expansion potential of RLUSD in 2025, McDonald has expressed confidence in the possibility of prominent exchanges, including Coinbase and Binance, joining hands with the company to boost the stablecoin.
Next Steps for Listing RLUSD on Exchanges
Even though McDonald has sounded overtly confident, he has mentioned the technical challenges of exchange listings. Primarily, he has highlighted issues related to compatibility and demand. Secondly, he has emphasised the threat of exclusive relationships, pointing out the exclusive relationships that Binance has with FDUSD and Coinbase has with USDC.
Anyway, McDonald has expressed hope that major exchanges might reconsider their exclusive relationship policy in the future.
In contrast, a public statement states that Coinbase has no exclusive relationship with USDC, explaining how the exchange supports various stablecoins, like PAX, GUSD, PYUSD and USDT.
In conclusion, Ripple’s RLUSD is on a strategic path to expand its reach across top exchanges like Coinbase. With regulatory approval and a growing market presence, the stablecoin reflects Ripple’s vision for a stablecoin future in a competitive landscape.
