$RLUSD Markets Open With $XRP, $BTC, $ETH, and $USDT Pairs
Gate listed $RLUSD on June 15, opening $BTC/$RLUSD, $ETH/$RLUSD, $XRP/$RLUSD, and $RLUSD/ $USDT spot trading. The launch gives users direct access to Ripples U.S. dollar-backed stablecoin against bitcoin, ether, $XRP, and $USDT.
Market access drew a separate statement from Ripple, the company behind $RLUSD and a major developer in the $XRP Ledger ecosystem. The company tied the $XRP/$RLUSD pair to broader use of stablecoin liquidity across trading and settlement.
Ripple wrote:
“ $XRP/$RLUSD spot trading pairs are available today, unlocking real interoperability and capital efficiency for digital asset markets worldwide.”
The asset is issued by Standard Custody & Trust Company, LLC, a wholly owned subsidiary of Ripple Labs. $RLUSD is backed 1:1 by U.S. dollar deposits, short-term U.S. Treasuries, and other cash equivalents, with monthly attestations.
Incentives and Withdrawal Plans Add Liquidity Around $RLUSD Launch
A 750,000 $RLUSD incentive program covers trading, liquidity, and user participation. The campaign includes CandyDrop rewards, VIP airdrops, staged withdrawal fee reductions, and KOL promotion campaigns.
Gate wrote:
“The overall incentive structure is centered around $RLUSD trading against major assets including $BTC, $ETH, and $XRP, aiming to encourage genuine trading demand and enhance market activity.”
Stablecoin-to- stablecoin trading sits outside the core incentive scope to reduce non-organic market activity. $RLUSD withdrawals are expected to open June 16, 2026, subject to Gates asset page, with zero fees on one withdrawal of 20 $RLUSD or more during the promotion.
Since its December 2024 launch, $RLUSD has surpassed $1.6 billion in market capitalization, with use across payments, remittances, and institutional DeFi. The asset launched natively on the $XRP Ledger and Ethereum, while later integrations, including Wormholes Native Token Transfers framework, broadened its multichain reach.
$RLUSD‘s rollout has also expanded beyond Gate. Recent source material cited broader exchange access, Mastercard’s Agent Pay for Machines work, Ripple Treasury with GTreasury, Wormhole‘s Native Token Transfers framework, and Ripple’s Federal Reserve comment letter on payment account access for stablecoin issuers.