The post Gemini Exchange Lists Ripple’s Stablecoin RLUSD appeared first on Coinpedia Fintech News
Ripple’s stablecoin RLUSD just gained a major boost with crypto exchange Gemini officially listing the asset for trading, deposits, and withdrawals. This makes Gemini the 15th exchange to support RLUSD, adding momentum to its growing adoption. The announcement was teased earlier with a cryptic acrostic message that highlighted “RLUSD,” sparking buzz within the XRP community.
Following the Gemini listing, RLUSD’s 24-hour trading volume soared to over $43 million, marking a 15% increase. The growing bullish sentiment shows RLUSD is gaining traction fast, both among retail users and institutions.
Crypto influencer Amelie pointed out that Gemini may have subtly teased Ripple’s stablecoin RLUSD by using a sentence with capitalized letters spelling “RLUSD”, sparking buzz in the XRP community. However, Gemini has not responded anything on this cryptic message format.
RLUSD’s Bold Moves
On May 5, Ripple donated $25 million in RLUSD to support public education in the U.S., distributing funds through DonorsChoose and Teach For America. The initiative is aimed at equipping underserved classrooms with supplies and tech, reinforcing Ripple’s mission to tie real-world use to its digital assets.
Ripple is also integrating RLUSD into its enterprise-grade Ripple Payments product, allowing institutions to use the stablecoin for cross-border transactions. In a strategic move, Ripple acquired prime brokerage Hidden Road for $1.25 billion and plans to use RLUSD as collateral in institutional settlement services.
What’s Next in Stablecoin Regulations?
Ripple’s stablecoin RLUSD is now listed on 15 exchanges, including Gemini, Bitstamp, Uphold, and Revolut, making it easier for people to buy, trade, and use it worldwide.
Moreover, the U.S. was close to setting rules for stablecoins through the GENIUS Act, but things are now on shaky ground. Some Democrats who once supported it are pulling back, saying the latest version isn’t strong enough on safety and fraud prevention.
On top of that, controversy over a Trump-linked stablecoin deal in Dubai is making the situation messier. Without enough support, the vote might get delayed, and lawmakers may need to rewrite parts of the bill.