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- Binance has opened deposits for Ripple’s RLUSD stablecoin on XRPL
- Withdrawals will follow once sufficient liquidity is established
- RLUSD now competes more directly with USDT and USDC at scale
Binance has completed its integration of Ripple USD (RLUSD) on the XRP Ledger, officially opening deposits for the dollar-pegged stablecoin. According to the announcement, users can now generate deposit addresses through their Binance wallets, with withdrawals set to go live once liquidity conditions are strong enough.
That might sound procedural, but exchange integrations are rarely trivial. For a stablecoin, distribution is everything. Access through Binance immediately expands RLUSD’s reach to one of the largest global trading platforms, which changes how easily the asset can move across markets.
What RLUSD Is Trying to Be
RLUSD is Ripple Labs’ dollar-backed stablecoin, designed to maintain a one-to-one peg with the US dollar. It operates natively on both the XRP Ledger and Ethereum, positioning itself as a regulated, multi-chain solution aimed at institutional payments and DeFi use cases.
Ripple entered the stablecoin market in late 2024, which means RLUSD is still relatively young compared to established players. But it has already grown quickly. According to CoinGecko, RLUSD’s market capitalization has surpassed $1.5 billion since launch, signaling meaningful early adoption.
Competing in a Crowded Stablecoin Arena
The stablecoin market is dominated by Tether’s USDT and Circle’s USDC, which together account for over $250 billion in market capitalization. That’s the benchmark RLUSD is up against. Competing here isn’t just about tech. It’s about trust, liquidity depth, exchange support, and regulatory clarity.
By securing Binance integration, RLUSD gains one of the most important distribution channels in crypto. Liquidity on a top exchange often determines whether a stablecoin becomes widely used or remains niche. The fact that withdrawals will be enabled once sufficient liquidity builds suggests Binance is taking a measured approach rather than rushing the rollout.
Why This Matters for XRP Ledger
RLUSD operating natively on XRPL also strengthens the XRP ecosystem narrative. A regulated stablecoin integrated into major exchanges gives the network a more practical financial layer, especially for payments, settlement, and DeFi-style applications built around dollar liquidity.
Stablecoins are the lifeblood of onchain finance. If RLUSD continues scaling, it could deepen XRPL liquidity and make it more attractive for builders and institutions looking for regulated digital dollar infrastructure.
Conclusion
Binance integrating RLUSD is more than a listing update. It’s a distribution milestone for Ripple’s stablecoin ambitions. With over $1.5 billion already in circulation and multi-chain functionality across XRPL and Ethereum, RLUSD is positioning itself as a serious contender in the stablecoin arena.
Whether it can chip away at USDT and USDC dominance will depend on liquidity growth and institutional uptake. But access through Binance is a clear step toward making RLUSD more than just a Ripple side project.
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