Bybit Lists Ripple’s RLUSD Stablecoin With Multi-Asset Spot Pairs
The listing highlights RLUSD’s role bridging regulated tokenized assets to liquid crypto markets.
Overview
- Bybit opened spot markets for RLUSD against USDT, BTC, ETH, XRP and MNT.
- Users can deposit and withdraw RLUSD on both Ethereum and the XRP Ledger.
- Bybit notes that access to RLUSD pairs varies by jurisdiction due to local regulations.
- Ripple’s tie-up with Securitize enables redemptions of BlackRock’s BUIDL and VanEck’s VBILL tokenized fund shares into RLUSD.
- RLUSD’s market value is reported around $741 million, with prior listings on exchanges including Uphold, Bitstamp, Bitso and Bullish.