Ripple boss Brad Garlinghouse has reacted to the news that Ripple RLUSD, the 10th-largest dollar-backed stablecoin, has begun trading on Binance, the world’s largest crypto exchange by trading volume.
Garlinghouse celebrated the development in a post on X as a huge win for the XRP community.
Binance’s Listing Boosts RLUSD’s Liquidity And Visibility
RLUSD is now available for spot trading on Binance, marking a key step in extending the token’s reach beyond Ripple’s native ecosystem.
The dollar-backed stablecoin be available starting Thursday on Ethereum, with support for the XRP Ledger expected soon. Trading pairs will include RLUSD/USDT and XRP/RLUSD, giving traders direct access to RLUSD alongside Ripple’s cross-border payments token, XRP.
RLUSD is Ripple’s highly regulated stablecoin, pegged 1:1 to the U.S. dollar and fully backed by U.S. dollar deposits, short-term Treasuries, and cash equivalents.
Notably, Binance’s global footprint will give the token access to larger trading volumes and a broader user base that only a few new stablecoins are able to secure early on. Meanwhile, Ethereum support allows the token to tap into existing decentralized finance (DeFi) infrastructure, while XRP Ledger support will add a cheap real-time settlement layer aimed at cross-border payments and native settlements once activated.
Why Binance Integration Matters For XRP
Garlinghouse noted that it is “eXtRemely Positive to see RLUSD listed on Binance.” He intentionally wrote the post in unusual capitalization, with the “X”, “R”, and “P” particularly standing out. Garlinghouse’s enthusiastic endorsement shows his excitement for the development, as it aligns with his vision for the XRP ecosystem.
While RLUSD itself is a stablecoin and not directly connected to the price of XRP, increased usage can still be a boon for XRP through higher network activity. A spike in transactions and on-chain settlement on the XRP Ledger translates to greater fee burns and increased demand for XRP as a utility asset.
Before the Binance listing, Ripple recently announced the investment of $150 million into LMAX Group in a multi-year deal aimed to integrate Ripple’s RLUSD token into LMAX’s global exchange infrastructure as a core collateral and settlement asset.
Source: https://zycrypto.com/ripples-rlusd-stablecoin-wins-key-listing-on-binance-heres-why-its-extremely-positive-for-xrp/
