Decentralized crypto trading platform Bullish, Ripple $2.2 He announced that he has listed his USD (RLUSD). The platform stated that despite its global operations, only users in supported regions will be able to trade with the new stablecoin.
RLUSD Listing
Bullish has a very limited structure in terms of the number of assets supported. The stablecoin issued by Ripple Labs was released this month by MOCA, Ethereum 
$3,397.3 It became the fourth asset to be listed after Classic (ETC) and EDU. The listed RLUSD stablecoin is in the ERC-20 version and consists of 7 parities in total.
According to the pair page, these pairs include RLUSD/USDC, BTC/RLUSD, ETH/RLUSD, USD/RLUSD, EUR/RLUSD, and SOL/RLUSD. Of all the products listed since the beginning of January, the Ripple stablecoin has been paired with the highest number of assets.
Growth Status of RLUSD
Although the stablecoin entered the market with intense price fluctuations, it maintains a 1:1 link to the US Dollar. According to current data from XPMarket, RLUSD remains stable at $1, up 0.22% at the time of writing. While its market cap has increased from its initial $1.3 million to $4 million, its fully diluted value is now pegged at $19.2 million.
Ripple Labs announced that its regulated stablecoin is now available on Bullish, following the initial listing of RLUSD in Singapore.
A total of 6,900 users hold the RLUSD stablecoin so far, and current exchange listings have the potential to increase the adoption rate. Ripple’s newly launched stablecoin is being welcomed by industry leaders; Charles Hoskinson, for example, praised the token.
Ripple Labs launched the stablecoin earlier this month and was first listed on Bitso, Uphold and other global trading platforms. Today, Singapore’s Independent Reserve exchange listed the token.
The listing of the RLUSD stablecoin on the Bullish exchange is considered an important step within the scope of Ripple’s strategy to increase its market share. Being subject to the necessary regulations ensures reliability for users, while expansion plans could enable the stablecoin to be included in more exchanges. Investors 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 crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
