Ripple’s RLUSD Stablecoin Launches Trading Debut on December 17
Imagine a world where digital currencies bridge the gap between traditional finance and blockchain innovation, much like how smartphones revolutionized communication. That’s the promise Ripple is delivering with its new Ripple USD (RLUSD) stablecoin, which officially kicked off trading on December 17 across various global platforms. As of today, September 1, 2025, with Ethereum hovering at $5,200 up 1.5%, XRP at $3.10 up 2.8%, BNB at $950 flat, Solana at $220 up 3.1%, Dogecoin at $0.25 up 4.2%, Cardano at $0.90 up 2.5%, stETH at $5,180 up 1.2%, Tron at $0.38 up 1.8%, Avalanche at $26 up 3.7%, Sui at $3.50 up 4.5%, and TON at $3.40 up 2.3%, the crypto market continues to buzz with stablecoin advancements. This debut marks a significant step for Ripple, the company powering XRP, as it rolls out a reliable, dollar-pegged asset designed to streamline payments and boost adoption.
RLUSD Hits the Market After Regulatory Green Light
Ripple confirmed that its RLUSD stablecoin began trading worldwide on December 17, bringing a fresh option to the stablecoin arena. This launch followed approval from the New York Department of Financial Services on December 10, paving the way for RLUSD to enter both financial and crypto markets seamlessly. Think of it as a sturdy bridge connecting old-school banking with the fast-paced world of digital assets—far more reliable than volatile cryptocurrencies, yet agile enough for modern needs.
To strengthen its foundation, Ripple has bolstered the RLUSD advisory board with heavyweight experts. Notably, a former governor of the Reserve Bank of India joined the team, adding global regulatory insight to ensure the stablecoin’s robustness.
Where RLUSD First Became Available
Launched back in June, RLUSD stands as a one-to-one dollar-backed stablecoin, fully supported by US dollar deposits, short-term US government Treasurys, and similar cash equivalents. This backing makes it as dependable as a vault, contrasting with less stable alternatives that can swing wildly in value.
At its debut, RLUSD rolled out on prominent crypto platforms such as Uphold, MoonPay, Archax, and CoinMENA. In the weeks that followed, it expanded to additional venues like Bitso, Bullish, Bitstamp, Mercado Bitcoin, Independent Reserve, Zero Hash, and more. Ripple’s strategy targets widespread adoption, leveraging partnerships to push RLUSD across regions including the Americas, Asia-Pacific, the United Kingdom, and the Middle East. Recent data shows that since launch, RLUSD has seen over $500 million in trading volume in its first eight months, underscoring its growing traction amid a stablecoin market now valued at $180 billion globally, according to the latest reports from CoinMarketCap as of September 2025.
Expanding RLUSD’s Role in Global Payments by Early 2025
Beyond just being another stablecoin, Ripple envisions RLUSD as a powerhouse for cross-border settlements and treasury remittances. By early 2025, it integrated smoothly into Ripple’s payment protocol, known as Ripple Payments, enabling enterprises to handle global transactions with ease. This system has already facilitated over $70 billion in payments across 90 markets, proving its scale and efficiency—like a high-speed rail compared to the slow lanes of traditional wire transfers.
Looking ahead, RLUSD supports decentralized finance integrations, easy on-ramp and off-ramp options, and even serves as collateral for trading tokenized real-world assets like commodities, securities, and treasuries on blockchain networks. This versatility positions RLUSD as a game-changer, especially when you consider how it outshines less regulated stablecoins by prioritizing compliance and stability.
In terms of brand alignment, Ripple’s approach with RLUSD emphasizes trustworthiness and innovation, mirroring how established exchanges like WEEX align their services with user security and seamless trading experiences. Speaking of which, if you’re looking to trade stablecoins like RLUSD or dive into XRP opportunities, WEEX stands out as a reliable platform. With its user-friendly interface, robust security measures, and commitment to regulatory compliance, WEEX enhances your crypto journey by offering low-fee trades, advanced tools, and a focus on building long-term trust—making it an ideal choice for both newcomers and seasoned traders seeking a credible partner in the evolving digital asset space.
Key Advisors Strengthen RLUSD’s Foundation
The trading launch of Ripple USD came hand-in-hand with strategic additions to its advisory board. Raghuram Rajan, who previously served as governor of the Reserve Bank of India, and Kenneth Montgomery, former first vice president and chief operating officer of the Federal Reserve Bank of Boston, stepped in to guide the project. Their expertise covers regulatory, financial, and operational fronts, ensuring RLUSD’s steady growth.
Rajan highlighted how stablecoins could redefine private payments, offering a secure, scalable alternative to outdated systems. He emphasized RLUSD’s role in setting new standards for trust in the payments landscape. Similarly, Montgomery noted stablecoins’ rise as efficient tools that traditional methods can’t match in speed and cost. The board also includes figures like the former chair of the Federal Deposit Insurance Corporation, a vice chairman from Partners Capital, and Ripple’s co-founder and executive chairman, all contributing to a powerhouse team.
This advisory strength has paid off; recent Twitter discussions, as of August 2025, show users praising RLUSD’s stability amid market volatility, with hashtags like #RLUSD and #RippleStablecoin trending over 50,000 times in the past month. Official announcements from Ripple in July 2025 revealed integrations with major DeFi protocols, boosting its utility. On Google, top searches include “How does RLUSD compare to USDT?” and “Is RLUSD available in India?”, reflecting curiosity about its advantages over competitors like Tether, backed by real-time data showing RLUSD’s lower volatility at 0.1% deviation from the dollar peg versus USDT’s occasional 0.5% swings.
Related insights point to RLUSD potentially increasing demand for XRP, as noted by experts like the co-founder of Axelar, who in a recent interview explained how stablecoins enhance underlying token ecosystems through liquidity and bridging.
In the broader picture, stablecoins like RLUSD are cementing their place in finance, much like how email displaced snail mail—efficient, global, and indispensable. As the market evolves, RLUSD’s focus on regulation and utility sets it apart, drawing in enterprises and investors alike.
FAQ
What makes RLUSD different from other stablecoins like USDC or USDT?
RLUSD stands out with its full backing by US dollar deposits and government Treasurys, plus strong regulatory oversight from bodies like NYDFS. Unlike some peers that have faced scrutiny, RLUSD prioritizes compliance and enterprise-grade features, making it more reliable for global payments.
How can I start trading RLUSD, and is it available worldwide?
You can trade RLUSD on platforms like Uphold, MoonPay, and others mentioned. It’s designed for global access, covering regions like the Americas, Asia-Pacific, UK, and Middle East, with expansions ongoing—check your local exchange for availability.
Will RLUSD impact XRP’s value or usage?
Yes, experts suggest RLUSD could boost XRP demand by enhancing liquidity in Ripple’s ecosystem, especially for cross-border transactions. Since launch, XRP has seen correlated growth, with data showing a 15% uptick in trading volume tied to stablecoin integrations.
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Sun Valley Releases 2025 Financial Report: Bitcoin Mining Revenue Reaches $670 Million, Accelerating Transformation to AI Infrastructure Platform
On March 16, 2026, in Dallas, Texas, USA, CanGu Company (New York Stock Exchange code: CANG, hereinafter referred to as "CanGu" or the "Company") today announced its unaudited financial performance for the fourth quarter and full year ended December 31, 2025. As a btc-42">bitcoin mining enterprise relying on a globally operated layout and dedicated to building an integrated energy and AI computing power platform, CanGu is actively advancing its business transformation and infrastructure development.
• Financial Performance:
Total revenue for the full year 2025 was $688.1 million, with $179.5 million in the fourth quarter.
Bitcoin mining business revenue for the full year was $675.5 million, with $172.4 million in the fourth quarter.
Full-year adjusted EBITDA was $24.5 million, while the fourth quarter was -$156.3 million.
• Mining Operations and Costs:
A total of 6,594.6 bitcoins were mined throughout the year, averaging 18.07 bitcoins per day; of which 1,718.3 bitcoins were mined in the fourth quarter, averaging 18.68 bitcoins per day.
The average mining cost for the full year (excluding miner depreciation) was $79,707 per bitcoin, and for the fourth quarter, it was $84,552;
The all-in sustaining costs were $97,272 and $106,251 per bitcoin, respectively.
As of the end of December 2025, the company has cumulatively produced 7,528.4 bitcoins since entering the bitcoin mining business.
• Strategic Progress:
The company has completed the termination of the American Depositary Receipt (ADR) program and transitioned to a direct listing on the NYSE to enhance information transparency and align with its strategic direction, with a long-term goal of expanding its investor base.
CEO Paul Yu stated: "2025 marked the company's first full year as a bitcoin mining enterprise, characterized by rapid execution and structural reshaping. We completed a comprehensive adjustment of our asset system and established a globally distributed mining network. Additionally, the company introduced a new management team, further strengthening our capabilities and competitive advantage in the digital asset and energy infrastructure space. The completion of the NYSE direct listing and USD pricing also signifies our transformation into a global AI infrastructure company."
"As we enter 2026, the company will continue to optimize its balance sheet structure and enhance operational efficiency and cost resilience through adjustments to the miner portfolio. At the same time, we are advancing our strategic transformation into an AI infrastructure provider. Leveraging EcoHash, we will utilize our capabilities in scalable computing power and energy networks to provide cost-effective AI inference solutions. The relevant site transformations and product development are progressing simultaneously, and the company is well-positioned to sustain its execution in the new phase."
The company's Chief Financial Officer, Michael Zhang, stated: "By 2025, the company is expected to achieve significant revenue growth through its scaled mining operations. Despite recording a net loss of $452.8 million from ongoing operations, mainly due to one-time transformation costs and market-driven fair value adjustments, the company, from a financial perspective, will reduce its leverage, optimize its Bitcoin reserve strategy and liquidity management, introduce new capital to strengthen its financial position, and seize investment opportunities in high-potential areas such as AI infrastructure while navigating market volatility."
The total revenue for the fourth quarter was $1.795 billion. Of this, the Bitcoin mining business contributed $1.724 billion in revenue, generating 1,718.3 Bitcoins during the quarter. Revenue from the international automobile trading business was $4.8 million.
The total operating costs and expenses for the fourth quarter amounted to $4.56 billion, primarily attributed to expenses related to the Bitcoin mining business, as well as impairment of mining machines and fair value losses on Bitcoin collateral receivables.
This includes:
· Cost of Revenue (excluding depreciation): $1.553 billion
· Cost of Revenue (depreciation): $38.1 million
· Operating Expenses: $9.9 million (including related-party expenses of $1.1 million)
· Mining Machine Impairment Loss: $81.4 million
· Fair Value Loss on Bitcoin Collateral Receivables: $171.4 million
The operating loss for the fourth quarter was $276.6 million, a significant increase from a loss of $0.7 million in the same period of 2024, primarily due to the downward trend in Bitcoin prices.
The net loss from ongoing operations was $285 million, compared to a net profit of $2.4 million in the same period last year.
The adjusted EBITDA was -$156.3 million, compared to $2.4 million in the same period last year.
The total revenue for the full year was $6.881 billion. Of this, the revenue from the Bitcoin mining business was $6.755 billion, with a total output of 6,594.6 Bitcoins for the year. Revenue from the international automobile trading business was $9.8 million.
The total annual operating costs and expenses amount to $1.1 billion.
Specifically, they include:
· Revenue Cost (excluding depreciation): $543.3 million
· Revenue Cost (depreciation): $116.6 million
· Operating Expenses: $28.9 million (including related-party expenses of $1.1 million)
· Miner Impairment Loss: $338.3 million
· Bitcoin Collateral Receivable Fair Value Change Loss: $96.5 million
The full-year operating loss is $437.1 million. The continuing operations net loss is $452.8 million, while in 2024, there was a net profit of $4.8 million.
The 2025 non-GAAP adjusted net profit is $24.5 million (compared to $5.7 million in 2024). This measure does not include share-based compensation expenses; refer to "Use of Non-GAAP Financial Measures" for details.
As of December 31, 2025, the company's key assets and liabilities are as follows:
· Cash and Cash Equivalents: $41.2 million
· Bitcoin Collateral Receivable (Non-current, related party): $663.0 million
· Miner Net Value: $248.7 million
· Long-Term Debt (related party): $557.6 million
In February 2026, the company sold 4,451 bitcoins and repaid a portion of related-party long-term debt to reduce financial leverage and optimize the asset-liability structure.
As per the stock repurchase plan disclosed on March 13, 2025, as of December 31, 2025, the company had repurchased a total of 890,155 shares of Class A common stock for approximately $1.2 million.

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