Bitget Lists Ripple USD, Expanding Regulated Stablecoins

Ripple USD (RLUSD) was listed today by Bitget, marking a significant expansion in the market for regulated stablecoins. Bitget’s CEO emphasized the alignment with their future 2025 goals. Trading commenced at 10:00 UTC on their spot trading platform.

The listing of RLUSD by Bitget highlights the growing demand for regulated digital assets, potentially steering the stablecoin market towards more compliance-focused solutions.

Trading for Ripple’s regulated stablecoin RLUSD began on Bitget’s platform today, marking another milestone for Ripple’s expansion in the stablecoin space. The stablecoin’s issuance by a wholly-owned subsidiary of Ripple underscores its regulatory compliance. Gracy Chen highlighted how this move aligns with their strategic objectives and enhances offerings for institutional traders. The stablecoin, issued by Standard Custody & Trust Company, underscores its commitment to trust and compliance.

Ripple USD enjoys a dual-chain issuance on the XRP Ledger and Ethereum blockchain, providing speed and smart contract capabilities. The market’s demand for regulated assets reflects a shift towards trust-driven financial innovations. Such financial frameworks foster increased trust in digital markets.

Bitget’s move to incorporate RLUSD signals a broader, industry-wide shift towards regulatory-compliant solutions. The $1.3 trillion stablecoin market looks set to embrace more regulated offerings. Ripple’s regulated stablecoin provides a potentially safe harbor in an industry subject to evolving regulations. Both the XRP Ledger and Ethereum support RLUSD’s technology backbone.

Ripple’s RLUSD aims to secure a foothold through its regulated, dual-chain approach. This could set a precedent for future stablecoin innovations and regulatory benchmarks. Analysts see potential growth as compliance becomes a focal point in crypto investments. Regulatory clarity strengthens its market stance.