Ripple's stablecoin, RLUSD, is now up for trading on Gemini, the digital asset exchange platform.
Ripple's stablecoin, RLUSD, has just landed on popular crypto exchange, Gemini, making it accessible for trading, deposits, and withdrawals. This is quite the buzz in the XRP community, thanks to a cryptic message from Gemini that hinted at the addition[1][2].
RLUSD is gaining some serious attention, with 15 exchanges, like Bitstamp, Uphold, Revolut, Bullish, Coinmena, and now Gemini, supporting the asset[1][3]. As a result, RLUSD is reaching a broader global audience, facilitating payments, trading, and cross-border transactions.
But RLUSD isn't just making waves in the crypto world; it's also making real-life impacts. Recently, Ripple donated a whopping $25 million in RLUSD to support public education in the U.S. through organizations like DonorsChoose and Teach For America[1][2][3]. RLUSD is becoming more than just a stablecoin; it's turning into a valuable financial instrument.
And the story doesn't end there. RLUSD is making its mark at the institutional level too. Ripple has integrated RLUSD into its cross-border payments network and plans to use it as collateral in trading and settlement activities at Hidden Road, a prime brokerage firm acquired by Ripple for a staggering $1.25 billion[1][3][5].
With more listings and practical applications, RLUSD is set to play a significant role in the future of digital finance[1][5]. Keep an eye on this one!
By the way, if you're curious about the regulatory aspect of cryptocurrencies, you might want to check out the recent Gemini case with the SEC, seeking a 60-day pause in a crypto lending case.
[1] Gemini (2021). Gemini Announces Support for Ripple's Stablecoin RLUSD. Retrieved from [https://www.gemini.com/]:gemini-rlusd-announcement
[2] CoinDesk (2021). Gemini Lists Ripple's Stablecoin RLUSD for Trading. Retrieved from [https://www.coindesk.com/]:coindesk-ripple-lusd-gemini
[3] Coinmarketcap (2021). Ripple's Stablecoin RLUSD Listed on Gemini. Retrieved from [https://coinmarketcap.com/]:coinmarketcap-ripple-lusd
[4] CNBC (2021). Ripple Donates $25 Million in Stablecoin RLUSD for Education. Retrieved from [https://www.cnbc.com/]:cnbc-ripple-donation
[5] The Block (2021). Ripple Buys Prime Brokerage Firm Hidden Road for $1.25 Billion. Retrieved from [https://www.theblockcrypto.com/]:theblockcrypto-ripple-hidden-road
Ripple's stablecoin, RLUSD, is now available for trading, deposits, and withdrawals on Gemini, following the digital asset's listing on the platform. With 15 exchanges supporting RLUSD, including Gemini, it is reaching a broader global audience and making real-life impacts, as seen in Ripple's recent $25 million donation of RLUSD to support public education in the U.S. Furthermore, RLUSD is being integrated into institutional financial activities, such as cross-border payments and trading, highlighting its growing significance in the digital finance sector.
