TLDR
- RLUSD listed on Bitget starting May 29, 2025.
- RLUSD issued by NYDFS-chartered trust company for compliance.
- Bitgetโs listing is fourth centralized exchange for RLUSD this year.
Today, the cryptocurrency exchange Bitget has listed Rippleโs USD-backed stablecoin (RLUSD) on its platform. This addition expands the limited centralized exchanges that support the stablecoin, released about six months ago.
The listing started on May 29, 2025, at 10:00 UTC. Deposits are available now, and withdrawals will begin on May 30, 2025, at 11:00 UTC. RLUSD is part of Bitgetโs Innovation and Web3 Zone.
CEO Gracy Chen Talks About RLUSD Listing
Gracy Chen, the CEO of Bitget, stated that RLUSD stands out due to its issuance by a NYDFS-chartered limited purpose trust company, providing it with a uniquely clear regulatory framework. This reflects the companyโs commitment to transparency and compliance in the digital asset landscape.
Chen emphasized that the listing aligns with Bitgetโs 2025 strategy to expand institutional offerings and build a trusted ecosystem. She noted this as crucial for institutions seeking a transparent and compliant digital asset environment.
RLUSD is one of the few stablecoins issued by a NYDFS-chartered limited purpose trust company, placing it in a uniquely clear regulatory framework.
Gracy Chen, CEO of Bitget
Growing Accessibility for RLUSD
Currently, RLUSD is not widely listed on major platforms like Binance or Coinbase but is available on exchanges like Kraken, Bitstamp, BitMEX, and Bitso. Bitgetโs listing is the fourth on a centralized exchange for RLUSD this year. Ripple is also focusing on expanding RLUSDโs presence in the decentralized finance market.
Earlier in April, Ripple partnered with Aave, allowing users to supply and borrow RLUSD on the platform. Recently, RLUSD was added to Euler Finance, demonstrating its growth in the DeFi ecosystem.
RLUSDโs Regulatory Compliance
RLUSD operates under the regulatory approval of the New York State Department of Financial Services. Itโs designed as an enterprise-grade stablecoin that combines fiat stability with blockchain efficiency, supporting diverse use cases such as global payments and tokenized asset access.
With its compliance-focused approach and interoperability across significant blockchain networks like the XRP Ledger and Ethereum, RLUSD serves as an appealing option for developers and institutions focused on scalability and reliability.
