Ripple's RLUSD Stablecoin Gains Binance Spot Listing With Ethereum and XRPL Support Planned
Ripple's US dollar-backed stablecoin RLUSD is set to begin spot trading on Binance, initially supported on Ethereum with XRP/RLUSD and RLUSD/USDT pairs. The stablecoin, backed one-to-one by cash, short-term US Treasuries and equivalents, has surpassed a $1.3 billion market cap and is also cleared for institutional use in Abu Dhabi as an Accepted Fiat-Referenced Token.