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RLUSD joins Gate’s spot trading with BTC, ETH, XRP and USDT pairs on June 15, boosting its $1.6 billion market value and expanding on‑chain use.
RLUSD began trading against BTC, ETH, XRP and USDT on Gate at 09:00 UTC on June 15, adding a $750,000 reward program and fee‑free withdrawals the next day, a move that widens the stablecoin’s on‑chain exposure and puts it on equal footing with major crypto assets【2】.
| At a glance | |
|---|---|
| Listing date | June 15, 2026 (09:00 UTC) |
| Trading pairs | RLUSD/USDT, BTC/RLUSD, ETH/RLUSD, XRP/RLUSD |
| Market value | > $1.6 billion (since Dec 2024) |
| Catalyst | Gate spot market launch with reward incentives |
Gate’s addition of RLUSD creates direct price discovery against Bitcoin, Ethereum and XRP, positioning Ripple’s dollar‑backed stablecoin alongside the leading digital assets. The exchange highlighted a $750,000 RLUSD reward pool and fee‑free withdrawals starting June 16, aiming to deepen liquidity and attract traders who prefer stablecoin pairs【2】. RLUSD is issued by Standard Custody & Trust Company, a Ripple‑owned entity, and is backed 1:1 by U.S. dollars, short‑term Treasuries and cash equivalents, with monthly attestations to support reserve transparency【2】.
The new RLUSD/XRP pair gives market participants a seamless bridge between Ripple’s native token and its regulated stablecoin on the same ledger. While XRP’s role has shifted from a required bridge currency to an optional routing asset on the XRPL exchange, increased RLUSD volume could boost XRP’s routing share, as the ledger routes trades through the cheapest hop—often XRP—when converting between stablecoins【1】. The listing also mirrors Ripple’s recent enterprise moves, such as the Mastercard AI‑Agent settlement pilot that uses RLUSD on the XRPL, and the Bitso peso stablecoin (MXNB) also issued on the ledger【1】. Together, these developments suggest a growing reliance on stablecoins for on‑ledger transactions, with XRP’s utility tied to the volume of those stablecoins.
The Gate listing marks the first time RLUSD trades directly against XRP on a major exchange, potentially expanding the stablecoin’s utility and testing whether XRP can capture more routing traffic as stablecoin activity grows on the XRP Ledger.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jun 26, 2026 · How we report
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