- Gemini has officially listed Ripple’s stablecoin RLUSD, enabling deposits, withdrawals, and trading.
- RLUSD is backed by cash & U.S. Treasuries, ensuring regulatory compliance and stability.
- Ripple announced a $25M RLUSD donation to support U.S. education initiatives.
The crypto exchange Gemini has officially added Ripple’s stablecoin—$RLUSD—to its platform, giving its users yet another dollar-pegged digital currency to trade with. Announced earlier today on Twitter, the move now allows investors to deposit, withdraw, and trade RLUSD.
Launched no more than six months ago, Ripple’s stablecoin entered the market designed to maintain a 1:1 peg with the U.S. dollar. $RLUSD is fully backed by cash and short-term U.S. Treasuries, ensuring its stability while complying with regulatory standards. Moreover, the stablecoin is issued under a New York Limited Purpose Trust Company Charter, ensuring regulatory compliance and institutional-grade governance.
The currency is intended to serve as a reliable dolalr-pegged asset, for regular and institutional investors.
Gemini’s decision to support RLUSD reflects an ongoing trend of stablecoins expanding their reach and utility even outside of the realms of the crypto market.
Just today, top executives at BlackRock, JPMorgan, and other financial institutions making up the “Treasury Borrowing Advisory Committee” estimated a $2 trillion market for stablecoins in the short span of two years.
In addition to the listing, Ripple announced a $25 million donation in RLUSD to support education initiatives across the U.S. The funds will be distributed through organizations focused on improving access to learning resources for students, further solidifying Ripple’s commitment to social impact.
With RLUSD now available on Gemini, users have yet another stablecoin option to explore, bridging the gap between traditional finance and digital assets.
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