Bitget Lists Ripple USD (RLUSD) to Expand Stablecoin Offerings on Spot Market – Crypto News

Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of Ripple USD (RLUSD) on its spot trading platform. RLUSD, an enterprise-grade USD-backed stablecoin issued by Ripple, enters the Bitget ecosystem at a time when demand for secure and compliant digital assets continues to rise, particularly among institutional participants and developers focused on enterprise-grade blockchain use cases. As a stablecoin pegged 1:1 to the U.S. dollar, RLUSD is natively issued on both the XRP Ledger (XRPL) and Ethereum, leveraging the unique strengths of each blockchain. The asset is backed by a segregated reserve held in USD fiat and cash equivalents. Bitget’s decision to list RLUSD aligns with its strategy to support strong, high utility-driven assets across its growing spot market, which serves as a curated space for projects that advance blockchain adoption through real-world applications. “We’re excited to partner with Ripple, a team that has consistently pushed forward… Read More at Coingape.com

The post Bitget Lists Ripple USD (RLUSD) to Expand Stablecoin Offerings on Spot Market appeared first on CoinGape.