Ripple’s RLUSD Secures Another Listing: Are Coinbase and Binance Next?

Ripple’s RLUSD stablecoin is now listed on Margex, strengthening its role in cross-border payments and crypto trading.

CEO Brad Garlinghouse and SVP Jack McDonald foresee RLUSD’s expansion to major exchanges like Coinbase and Binance in 2025.

Billionaire Peter Thiel-backed Bullish already offers RLUSD in seven trading pairs, signaling strong market demand and adoption.

Ripple’s RLUSD stablecoin has made another leap forward by securing a on the crypto trading platform Margex. The high-leverage exchange confirmed on January 29 that RLUSD will now be available as collateral for trading various crypto pairs. This marks a significant step for ’s ambitions in the stablecoin sector.

Margex’s decision to add RLUSD is part of a broader move to provide users with a secure and efficient trading experience. Alongside RLUSD, other stablecoins like USDT are also available, ensuring traders have multiple options for fast and cost-effective transactions. The listing is expected to strengthen Ripple’s position in the stablecoin market by facilitating seamless cross-border payments.

At present, RLUSD is pegged to the US dollar at a 1:1 ratio and backed by collateral that includes cash reserves, government bonds, and dollar deposits. This mechanism provides stability and ensures that RLUSD remains a trusted option for trading and payments in the digital asset ecosystem.

Coinbase, Binance & Bybit Listing on the Horizon?

With RLUSD already listed on platforms like Bitstamp, Uphold, Bullish, Independent Reserve, MoonPay, Bitso, and CoinMena, Ripple is setting its sights on securing spots on even bigger exchanges. CEO and President Monica Long anticipate a surge in demand for RLUSD in 2025 and believe major platforms such as , , and Bybit could be the next to list the stablecoin.

Jack McDonald, Ripple’s senior vice president overseeing stablecoin operations, echoed similar optimism. He suggested that RLUSD’s inclusion in leading exchanges could significantly increase its market presence. However, McDonald acknowledged that technical hurdles, such as compatibility and regulatory considerations, remain challenges that need to be addressed before RLUSD can reach broader adoption.

Ripple SVP of Stablecoins, Jack McDonald, says other major exchanges may list RLUSD by end of year, such as Binance and Coinbase. Jack also says winning approval from the NYDFS could prove to be a major advantage. “That paves the way for other, particularly NYDFS regulated… pic.twitter.com/zZHaEa7JP7

Ripple SVP of Stablecoins, Jack McDonald, says other major exchanges may list RLUSD by end of year, such as Binance and Coinbase. Jack also says winning approval from the NYDFS could prove to be a major advantage. “That paves the way for other, particularly NYDFS regulated…

Despite these hurdles, Coinbase has indicated that it does not have an exclusive partnership with USDC . The exchange currently supports multiple stablecoins, including PAX, GUSD , PYUSD , and USDT. This flexibility opens the door for RLUSD to be considered for listing in the near future.

Bullish Dominates RLUSD Trading

Among the platforms supporting RLUSD, Bullish, a cryptocurrency exchange backed by billionaire Peter Thiel, stands out. The exchange added RLUSD on December 24, 2024, and has since accounted for most of RLUSD’s total trading volume.

📣 We’re pleased to announce that @Ripple’s regulated stablecoin #RLUSD is now available on #Bullish.Starting today, eligible regions can trade the following markets:◾ $RLUSD/USDC◾ $BTC/RLUSD◾ $XRP/RLUSD◾ $ETH/RLUSD◾ $USD/RLUSD◾ $EUR/RLUSD◾ $SOL/RLUSD

📣 We’re pleased to announce that ’s regulated stablecoin is now available on .Starting today, eligible regions can trade the following markets:◾ /USDC◾ /RLUSD◾ /RLUSD◾ /RLUSD◾ /RLUSD◾ /RLUSD◾ /RLUSD

Currently, Bullish offers RLUSD trading in seven different pairs, including RLUSD/USDC, BTC/RLUSD, XRP/RLUSD, ETH/RLUSD, USD/RLUSD, EUR/RLUSD, and SOL/RLUSD. The high level of activity on Bullish demonstrates strong demand for RLUSD and reinforces its potential as a key player in the stablecoin market.

As demand for RLUSD grows, its potential for integration into more exchanges becomes clearer. Market analysts predict that increased adoption will drive higher liquidity and make RLUSD a more attractive option for traders and institutions.