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Ripple’s RLUSD Listing Gains Momentum: Bitstamp Leads the Way
In a recent development, Ripple’s stablecoin RLUSD has gained significant momentum as it becomes the first to be listed on Bitstamp, a leading cryptocurrency exchange. This move is expected to further accelerate the listing of RLUSD on other prominent exchanges like Coinbase and Binance.
RLUSD, which was approved by the New York State Department of Financial Services last month, has been launched on both Ethereum and XRP Ledger networks. The approval from the financial regulator is seen as a major boost for Ripple’s vision of creating a stablecoin future in an increasingly competitive landscape.
As the world continues to witness a growing interest in decentralized finance (DeFi), RLUSD’s listing on Bitstamp marks a significant milestone in the cryptocurrency space. The move highlights Ripple’s determination to expand its reach across top exchanges, thereby solidifying its presence in the market.
The RLUSD stablecoin has been designed specifically for cross-border payments and is expected to play a vital role in fostering global financial inclusion. In a recent interview with a prominent media house, Jack McDonald, Ripple’s senior vice president responsible for handling its stablecoin operations, hinted at the possibility of listing the stablecoin on other major exchanges.
When asked about potential listings in 2025, McDonald expressed confidence that top-tier exchanges like Coinbase and Binance might reconsider their existing relationships to join hands with RLUSD. However, it remains to be seen if such developments come into play in the near future.
Despite some technical challenges associated with exchange listings, Ripple appears undeterred and focused on expanding its presence. With regulatory approval under its belt, the company is taking bold steps towards a stablecoin future that promises significant growth potential.
In conclusion, RLUSD’s listing on Bitstamp marks a crucial moment for Ripple as it charts a course to expand across top exchanges. As DeFi continues to attract significant attention and investment, RLUSD is poised to play a vital role in shaping the industry’s trajectory.
Source: coinpedia.org
