Ripple News Today: Binance Integrates RLUSD on XRP Ledger, Deposits Now Live

The post Ripple News Today: Binance Integrates RLUSD on XRP Ledger, Deposits Now Live appeared first on Coinpedia Fintech News

Binance, the world’s largest cryptocurrency exchange, has completed the integration of Ripple USD (RLUSD) on the XRP Ledger. The integration comes at a time when demand for regulated and reliable stablecoins is growing. 

Binance confirmed that RLUSD deposits are now live, while withdrawals will be enabled soon.

Binance Enables RLUSD on XRP Ledger 

Ripple’s senior executive, Reece Merrick, said the exchange has finalized the technical integration of Ripple USD (RLUSD) on the XRP Ledger network. 

This integration makes RLUSD easier to transfer on the XRP Ledger, which is known for fast and low-cost transactions. This helps traders and institutions that need quick payments and stable value.

Binance also offers trading pairs such as RLUSD/USDT, RLUSD/U, and XRP/RLUSD, helping to boost liquidity and usage within its ecosystem. The exchange even introduced zero trading fees for selected RLUSD pairs.

RLUSD is also supported in Binance’s Simple Earn program, where users can earn yield with flexible terms and no fixed lock period.

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Deposits Open, Withdrawals Soon

Following the RLUSD Integration, users can now generate deposit addresses and transfer RLUSD directly through the XRP Ledger. Meanwhile, withdrawals will be enabled once there is enough liquidity on the network.

Even before Binance, RLUSD was already listed on major exchanges like Bitstamp, Kraken, Gemini, and Bitget. 

In total, it is now available on more than 16 exchanges worldwide, helping increase adoption among both retail and institutional users.

RLUSD sees Growth and Stability

Ripple’s stablecoin RLUSD has grown steadily since its launch in December 2024. Its market cap is now above $1.52 billion, while the price continues to stay close to $1, moving in a tight range.

Meanwhile, RLUSD is backed 1:1 by U.S. dollar deposits, Treasury bills, and other liquid assets under a New York Department of Financial Services (NYDFS) trust charter. 

Reports show its reserves are over 103% of its total supply, which adds strong trust and credibility.

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FAQs

What does Binance’s RLUSD integration on XRP Ledger mean for users?

It allows users to deposit RLUSD via XRP Ledger, trade new pairs, and access fast, low-cost transfers with improved liquidity on Binance.

Is RLUSD fully backed and regulated?

Yes. RLUSD is backed 1:1 by U.S. dollars, Treasury bills, and liquid assets under a NYDFS trust charter, with reserves exceeding supply.

When will RLUSD withdrawals be available on Binance?

Withdrawals will be enabled once sufficient on-chain liquidity is established to ensure smooth and reliable transfers for users.

How can users earn yield on RLUSD on Binance?

RLUSD is supported in Binance Simple Earn, offering flexible yield options with no fixed lock-up period for added convenience.