Bitget, the well-known crypto exchange, has announced a notable listing for spot trading. Hence, Bitget is listing Ripple USD ($RLUSD), the USD-pegged native stablecoin of Ripple, a prominent digital payment firm using blockchain technology, to enhance stablecoin offerings. The crypto exchange disclosed this new offering in an official press release.
Bitget Officially Lists $RLUSD to Increase Stablecoin Offerings Amid Rising Demand
By listing Ripple USD ($RLUSD), Bitget is endeavoring to provide more stablecoin options to the consumers. $RLUSD serves as an enterprise-level USD-supported stablecoin pegged to USD. This development occurs at a point when compliant and secure digital assets are witnessing substantial demand, specifically among institutional investors.
$RLUSD is natively released on both Ethereum and XRP Ledger ($XRPL) using the unique features of these blockchains. It is supported by a segregated reserve kept in USD cash and fiat equivalents. With $RLUSD’s listing, the platform is advancing its strategy endeavors to back robust, high utility-led assets within the spot ecosystem thereof. Bitget’s spot trading market provides a curated place that targets projects that boost blockchain adoption.
Catering to Growing Institutional Pursuit for Transparency and Compliance
Gracy Chen, Bitget’s CEO, also expressed excitement about $RLUSD’s listing. Chen asserted that this move is critical for institutions demanding compliance and transparency in the evolving world of digital assets. Apart from that, this move also aligns with Bitget’s strategy for 2025 in terms of institutional offering expansion. In this respect, this listing broadens access and offers a reliable trading forum for a keenly observed digital asset.
