Keynote
- Bybit uses multiple trading pairs to list RLUSD on its platform.
- This Stablecoin list development further bridges the gap between Tradfi and Defi.
- Bybit has joined Bullish, Kraken, Bitstamp, Margex, Gemini and others who already list Stablecoin.
Cryptocurrency Exchange Bybit has expressed its support for Ripple’s USD-backed Stablecoin by listing assets. This movement is important as it further serves as a bridge between traditional finance (TRADFI) systems and decentralized finance (DEFI) ecosystems. Furthermore, RLUSD’s market reach and indirectly expand its use cases.
Multiple trading pairs available on Bybit
BYBIT is the latest cryptocurrency exchange to list RLUSD, indicating the increased availability of coins to traders and institutional investors across multiple jurisdictions. Exchange presents potential users with direct access to digital assets. This provides a seamless transition between regulated tokenized funds holding yields and liquid crypto assets.
This exchange’s reputation as one of the biggest players in the industry has made new developments a major achievement for Stablecoin and even Ripple. RLUSD backed by USD runs on Ethereum (ETH) and XRP Ledger (XRPL). Currently, BYBIT supports both the deposit and withdrawal of this stable coin on these blockchains.
As part of this feat, multiple trading pairs, including RLUSD/USDT, RLUSD/ETH, RLUSD/BTC, RLUSD/MNT, and RLUSD/XRP, are now available on the Bibit platform. It is noteworthy, however, that its availability depends heavily on regulatory restrictions across jurisdictions.
Key Lists and Support
Importantly, RLUSD has grown in a short time since its launch (since December 2024). According to CoinmarketCap data, the Stablecoin ranks as the 90th largest cryptocurrency with a market capitalization of $789.45 million. Its popularity spans platforms such as Bullish, Kraken, Bitstamp, and even Winklevoss Twin Brothers’ Gemini.
US-based Gemini listed RLUSD in May 2025, at which point it had a massive surge in Stablecoin trading volume. In particular, crypto trading platform Margex was one of the first exchanges to show support as soon as it launched last year.
On January 29th, it was confirmed that the high leverage exchange will be available as collateral for trading various crypto pairs. The broader crypto market is looking forward to top exchanges such as Binance and Coinbase to list RLUSD. Bybit’s list could ultimately drive it to show support in the near future.
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Benjamin Godfrey is a blockchain enthusiast and journalist who writes about real-life applications of blockchain technology and innovation, promoting general acceptance and global integration of emerging technologies worldwide. His desire to educate people about cryptocurrency inspires his contributions to well-known blockchain media and sites.