Ripple stablecoin RLUSD is now live on OKX for spot trading across more than 280 trading pairs, including XRP/RLUSD, and can be used as margin collateral for derivatives such as perpetual futures in select markets.
Ripple and OKX announced a partnership to make Ripple USD stablecoin (RLUSD) available on OKX, enabling broader access and liquidity for the dollar-pegged token.
Deposits and withdrawals are supported via the XRP Ledger, with minting and redemption mechanisms intended to maintain liquidity access. Additional integrations across the OKX ecosystem are planned, according to the announcement.
Although Ripple crypto ecosystem is typically associated with XRP – the native token of Ripple’s decentralized XRP Ledger (XRPL), RLUSD is also an important part of that blockchain network. Launched in late 2024, Ripple USD (RLUSD) is a regulated, U.S. dollar-pegged stablecoin created to provide a secure, low-cost, transparent, and stable asset for enterprise-grade cross-border payments, liquidity management, and to bridge traditional banking with decentralized finance (DeFi).
RLUSD is issued natively on both the XRP Ledger and Ethereum and is backed 1:1 by reserves of cash and cash equivalents, with redemption available in U.S. dollars.
“We are pleased to announce a strategic partnership with Ripple to list and integrate RLUSD,” OKX stated, adding that the asset is integrated into its unified order book.
The companies said the listing is intended to expand trading utility and liquidity access for RLUSD across eligible markets. OKX operates one of the larger global crypto trading venues, with hundreds of listed markets, and multi-chain support. The excchange provides also supports both spot and derivatives trading. This allows users to leverage RLUSD not only for simple transfers or spot trades but also as collateral in derivatives markets.
Besides OKX, RLUSD is distributed across other major global exchanges, with strong presence on large platforms like Binance, Kraken, and Bybit. The token also displays a growing availability in both institutional venues and retail apps.
Expanding access to trusted stablecoins gives both individuals and businesses more flexibility when it comes to asset management. Recent BVNK study showed that over half of stablecoin holders have increased their crypto assets over the past year, while 56% plan to continue expanding their stablecoin portfolio in the year to come. Moreover, 13% of the people who have not earlier dealt with stablecoins, intend to do so in the nearest future.
