Ripple’s RLUSD, a dollar-backed stablecoin, is set to begin spot trading on Binance on January 22 at 08:00 UTC, initially on Ethereum. XRP Ledger integration will follow, providing a low-cost settlement option aimed at payments and remittances. Trading pairs will include RLUSD/USDT and XRP/RLUSD, offering both direct access to the stablecoin and connections with Ripple’s native token.
The listing represents RLUSD’s first major exchange presence and positions it as an enterprise-focused alternative in a market dominated by Tether’s USDT and Circle’s USDC. Fully backed 1:1 by US dollar deposits, short-term Treasuries, and cash equivalents, RLUSD provides monthly attestations to verify reserves and strengthen transparency for institutional participants.
Integration with Ethereum and XRP Ledger
Ethereum support allows RLUSD to plug into existing decentralized finance infrastructure, enabling trading, lending, and other smart contract applications. The forthcoming XRP Ledger support adds a settlement layer optimized for low-cost cross-border payments, potentially increasing adoption among corporate and financial services clients. Binance also announced that RLUSD will be eligible for portfolio margin and may be added to Binance Earn, expanding its utility beyond spot trading.
Market Context and Competitive Positioning
RLUSD has reached a market value exceeding $1.3 billion, reflecting early adoption across exchanges, payment firms, and institutional users. While still modest compared to USDT’s $96 billion market cap, the Binance listing provides liquidity, visibility, and scale that many new stablecoins struggle to achieve. The move comes as regulatory scrutiny intensifies and financial institutions seek compliant alternatives to dominant stablecoins, highlighting competition for market share in the digital dollar sector.
By entering one of the largest global trading platforms with Ethereum and XRP Ledger support, RLUSD gains both retail and institutional access, reinforcing Ripple’s strategy to bridge crypto markets with enterprise-focused payment solutions.