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Gemini Exchange Adds Ripple’s RLUSD Stablecoin to Trading Platform
By: bitcoin ethereum news|2025/05/06 18:15:01
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Gemini teased the listing with a cryptic social media post containing the hidden acrostic “RLUSD” before making the official announcement. The crypto exchange Gemini joined 15 other platforms to list Ripple’s RLUSD stablecoin which became available for trading and deposit and withdrawal functions. In a significant expansion of its digital asset offerings, cryptocurrency exchange Gemini has officially listed Ripple’s RLUSD stablecoin for trading. The platform announced that users can now deposit, withdraw, and trade the dollar-backed token on the platform. This marks it as the 15th exchange to support this emerging stablecoin. Strategic Move Follows Cryptic Social Media Hint Before the official statement, Gemini published a cryptic message on X that caught the attention of the XRP community. The post contained strategically capitalised letters spelling “RLUSD” within the phrase “futures are brighteR when we buiLd Up System that upgraDes finance,” seemingly teasing the upcoming listing. RLUSD integration at Gemini exchange happened after fourteen exchanges, including Uphold, Bitstamp, Revolut, and Bitso, adopted it. The broad exchange support system enables RLUSD to reach users worldwide for retail and institutional financial operations. Ripple Uses RLUSD To Show Its Value Beyond Its Role in Trading Operations Ripple demonstrates RLUSD’s utility through direct implementation beyond its presence on trading exchanges. Ripple made a $25 million donation in RLUSD, which will support public education through its partnerships with DonorsChoose and Teach For America. The charitable donation will distribute $25 million in RLUSD to purchase classroom materials and digital equipment, and teacher development programs for American public schools serving disadvantaged communities. Through its enterprise payment product, Ripple Payment, Ripple integrated RLUSD to help financial institutions improve their cross-border treasury operations. The introduction of RLUSD occurs as worldwide discussions about stablecoin regulations continue to grow in intensity. Escalating its institutional strategy, Ripple acquired prime brokerage firm Hidden Road for $1.25 billion in April 2025. RLUSD will serve as collateral within Hidden Road’s trading and settlement infrastructure, positioning the stablecoin for expanded use in professional trading environments. Highlighted Crypto News Today: House GOP Introduces FIT21 to Reform U.S. Crypto Regulations Source: https://thenewscrypto.com/gemini-exchange-adds-ripples-rlusd-stablecoin-to-trading-platform/
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