Gemini cryptocurrency exchange now lets users trade Ripple’s stablecoin RLUSD.

RLUSD was made available for trade deposits and withdrawals on May 6, 2025. In December 2024 Ripple introduced RLUSD as a stablecoin that maintains a 1:1 dollar correlation and stores collateral through dollars, short-term U.S. Treasuries, and cash equivalents.

Gemini, a cryptocurrency exchange, has added support for trading Ripple’s stablecoin, RLUSD. The stablecoin became available for trade deposits and withdrawals on May 6.

RLUSD, introduced by Ripple in December with a 1:1 dollar parity and collateralization through dollars, short-term U.S. Treasuries, and cash equivalents, offers users a choice between the XRP Ledger and Ethereum blockchains for use with RLUSD. The digital currency, which has a market value of $317 million according to CoinMarketCap, has gained user trust.

Since the beginning of the year, RLUSD has seen a 338.6% increase in adoption, showcasing strong interest from the market.

RLUSD’s Rapid Growth and Market Impact

RLUSD has shown significant progress in a very short period of time. Following Gemini’s listing, RLUSD saw a 63.7 percent increase in trade volume, reaching $52 million in one day. The increased trading activity is attributed to RLUSD’s rising popularity as a preferred tool among traders.

The stablecoin offers better integration for enterprise clients with rapid and low-cost payment options on Ripple’s cross-border platform.

Ripple has increasingly produced major blocks of RLUSD tokens to serve buyer needs. On April 25, Ripple Treasury announced three mint batches totaling 38 million RLUSD, with an 11.5 million batch followed by two batches of 11.5 million and 15 million tokens.

The supply network for RLUSD reaches various liquidity pools and payment networks to help RLUSD expand its capacity. Users can perform a wide range of transactions using the stablecoin.

People can utilize RLUSD as backing for their transactions while also trading with centralized banks. Mercy Corps Ventures and DIVA Donate collaborate with Ripple to make RLUSD work for real-life aid delivery to Kenya. These efforts showcase how RLUSD can simplify international financial processing.

Strategic Listings Boost RLUSD’s Accessibility

Gemini joins the ranks of fifteen cryptocurrency exchanges that provide RLUSD trading services, including Bitstamp and Kraken. Expanding its availability to more user bases across different regions, RLUSD facilitates smoother payments between countries and offers crypto-to-fiat exchange options for customers who prefer them.

By choosing to partner with multiple exchanges, Ripple aims to build RLUSD into a major stablecoin, rivaling established coins like Tether and USDC.

Further expanding its market presence, RLUSD has joined DeFi platforms like Aave V3 Ethereum Market, where users can lend and borrow RLUSD tokens, with a limit of 5 million for borrowing and a maximum of 50 million tokens to be provided into the network.

Our April 2025 announcement highlights RLUSD expanding into DeFi platforms.

RLUSD gains authority because Ripple maintains strong adherence to financial rules.

"RLUSD operates as a digital asset under New York State's limited purpose trust company charter and follows strict DFS regulations. The stablecoin format of our product serves as a dependable platform for settlements in the real financial sector," stated a member of the Ripple team.

The markets support high trading activity with RLUSD since its volume represents 12.08% of its total value. The stablecoin market position for RLUSD shows better capital efficiency than USDC and PayPalUSD in the industry.

The company continues to invest in public schools with $25 million of RLUSD to demonstrate how users can apply the coin in daily life.