Crypto payments firm Ripple’s RLUSD stablecoin has secured a listing on another crypto trading platform on Wednesday. High-leverage crypto exchange Margex now supports RLUSD alongside other stablecoin to offer users access to reliable and efficient trading solutions. Meanwhile, the crypto giant has also released a reserves report for the Ripple USD stablecoin.
Ripple’s RLUSD Gets Listed On Margex Crypto Exchange
Crypto trading platform Margex has announced listing RLUSD stablecoin among other stablecoin offerings, according to a press release on January 29. The exchange said it will be available as collateral for trading crypto pairs.
Users can now use RLUSD alongside other stablecoin offerings such as USDT, ensuring reliable and efficient crypto trading. Also, Ripple USD listing on its platform will help users achieve fast and secure cross-border payment globally. NYDFS-regulated Ripple stablecoin is a trusted stablecoin for trading crypto assets and payments, offering cheap and secure options for users. Interestingly, it can be used as a hedge during market fluctuations.
Margex Integrated TradingView Charting Tool
Margex also announced integrating TradingView’s Charting Tool. This will offer users more than 100 technical indicators, over 110 drawing tools and 17 chart types.
The platform also added Dogecoin (DOGE) instant withdrawal and deposit option. The platform’s existing instant withdrawal and deposit options include Kaspa (KAS) and Toncoin (TON).
RLUSD Supported Crypto Exchanges
Ripple’s regulated stablecoin RLUSD is listed on crypto platforms such as Bitstamp, Uphold, Bullish, Independent Reserve, Moonpay, Bitso, and Coinmena.
The company seeks listing on major crypto exchanges such as Coinbase, Binance and Bybit. Ripple executives CEO Brad Garlinghouse and President Monica Long expect a massive increase in demand for its stablecoin in 2025.
Ripple USD Reserve Report
Meanwhile, RLUSD stablecoin remains pegged to the US dollar at a 1:1 ratio at press time. It is backed by a collateralized mechanism that includes dollar deposits, government bonds, and cash equivalents.
Standard Custody & Trust Company has released the RLUSD reserves report for December by accounting firm BPM. Until December 31, total market value of the reserves is $83.21 million. It has $30 million in US treasury bills, $30.11 million in government money-market funds, and $22.97 million in cash deposits, with accrued interest of $20,912.
Varinder Singh
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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