The decentralized crypto trading platform Bullish has announced the listing of Ripple’s USD (RLUSD). Despite its global operations, the platform stated that only users in supported regions can trade the new stablecoin.
RLUSD Listing Details
Bullish has a relatively limited range of supported assets. The stablecoin issued by Ripple 
$2 Labs has become the fourth asset listed this month, following MOCA, Ethereum 
$3,472 Classic (ETC), and EDU. The listed RLUSD is in ERC-20 format and consists of a total of seven trading pairs.
According to the pair trading page, these pairs include RLUSD/USDC, BTC/RLUSD, ETH/RLUSD, USD/RLUSD, EUR/RLUSD, and SOL/RLUSD. Since the beginning of January, the Ripple stablecoin has been paired with the highest number of assets among all listed products.
RLUSD’s Growth Status
Despite entering the market with significant price fluctuations, the stablecoin maintains its 1:1 connection to the US Dollar. According to recent data from XPMarket, RLUSD is currently holding a value of $1 with a 0.22% increase at the time of writing. Its market value has risen from $1.3 million to $4 million, with a fully diluted value now identified at $19.2 million.
Ripple Labs announced that RLUSD is available on Bullish following its first exchange listing in Singapore.
So far, a total of 6,900 users hold the RLUSD stablecoin, and current exchange listings have the potential to increase adoption rates. Ripple’s newly launched stablecoin has been positively received by industry leaders, with Charles Hoskinson praising the token.
Ripple Labs launched the stablecoin earlier this month, initially listing it on Bitso, Uphold, and other global trading platforms. Today, Singapore’s Independent Reserve exchange has also added the token.
The listing of the RLUSD stablecoin on the Bullish exchange is seen as a significant step in Ripple’s strategy to increase market share. Being subject to necessary regulations provides reliability for users, while expansion plans may facilitate the stablecoin’s presence on more exchanges. Observers continue to monitor the sustainability and adoption of RLUSD.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
