Ripple’s regulated stablecoin, Ripple USD (RLUSD), has officially launched on the Bybit exchange, expanding its accessibility to millions of global traders. Bybit users can now trade RLUSD against Tether (USDT), while the stablecoin also serves as the base currency in popular trading pairs such as BTC/RLUSD, ETH/RLUSD, XRP/RLUSD, and MNT/RLUSD. This marks another significant milestone for Ripple’s flagship stablecoin, which has quickly gained traction in the digital asset market.
According to CoinGecko, RLUSD’s market capitalization is approaching the $750 million mark, underscoring the rapid growth of Ripple’s stablecoin within a short period. The timing of its Bybit listing comes as the exchange continues to rise in prominence, boasting more than 60 million users worldwide. Founded in 2018 and headquartered in Dubai, Bybit has cemented its place as one of the leading cryptocurrency exchanges by trading volume. In fact, it currently ranks second only to Binance in terms of XRP futures volume, recording $1.27 billion according to CoinGlass data.
Beyond Bybit, RLUSD is already supported on other major exchanges, including Bullish, Bitstamp, and Kraken. Notably, Bullish has emerged as a hub for RLUSD liquidity, with the XRP/RLUSD pair alone generating a 24-hour trading volume of $92.2 million. This highlights strong demand among traders who value stability while accessing Ripple’s ecosystem of assets.
The addition of RLUSD to Bybit’s listings further strengthens Ripple’s positioning in the stablecoin market, especially at a time when regulatory clarity is increasingly vital for both institutional and retail adoption. With growing exchange integrations and a swelling market cap, Ripple USD is poised to become one of the most significant players in the stablecoin arena, bridging liquidity between traditional finance and the crypto economy.
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