In a rather shocking twist of fate, the cryptocurrency exchange Gemini has decided to list Ripple‘s RLUSD stablecoin. Trading, deposits, and withdrawals are now in the game, bringing an unexpected surge of excitement to an otherwise slow market.
This, my friends, is a step towards the global adoption of RLUSD. But wait, there’s more! The listing didn’t just sit there like a forgotten coin—it triggered a jaw-dropping 63.7% increase in trading volume. Clearly, Gemini knows how to throw a party.
RLUSD Stablecoin Goes Live On Gemini
Gemini made the grand announcement on their official X account (formerly known as Twitter, in case you missed the rebranding saga). The message was simple and direct:
“RLUSD is now available for trading on Gemini. Deposits and withdrawals are enabled. Buy, sell, and store today,” read the post. Riveting, right?
With this move, Gemini joins the ranks of Bitstamp (who were the cool kids who started this on January 8) and Kraken (who decided to hop on the train on April 2). Welcome to the party, Gemini!
The listing had quite an effect on RLUSD—like adding fuel to a fire. Following the announcement, the stablecoin’s 24-hour trading volume skyrocketed to over $52 million. That’s a 63.7% surge in just a single day. Apparently, RLUSD is no longer the shy kid in the corner.
Such a rise indicates that people are no longer just eyeing RLUSD; they’re diving in with both feet. But let’s not act surprised—this coin has been making waves for a while now.
Since its birth at the end of last year, RLUSD has been growing like a weed (but, you know, the kind that makes you money). Its market cap has shot up a staggering 338.6% in 2025, and as of now, it sits comfortably at $317 million. Not exactly Bitcoin territory, but hey, who’s counting?
Although it’s still a humble contender compared to the giants like Tether (USDT) and USDC, don’t count RLUSD out. Analysts are cautiously optimistic, perhaps with a raised eyebrow, but optimistic nonetheless.
“Ripple’s RLUSD stablecoin has exploded since launch, now pushing over $860 million in monthly volume. It’s fully backed, built on the XRP Ledger and Ethereum, and already integrated into Ripple Payments. Kraken, Bitstamp, and LMAX Digital have listed it. This is Ripple’s enterprise-grade answer to global stablecoin demand, and it’s built for compliance, scalability, and cross-border dominance,” a user wrote on X. Well, alright then—no pressure, RLUSD!
It seems there’s more to the RLUSD saga. Hidden Road is using it as collateral for all their prime brokerage products. And in a move that could warm even the coldest of hearts, Ripple has pledged $25 million in RLUSD to US public education initiatives. Maybe RLUSD really can save the world—or at least make a dent in it.
And lest we forget, the entire stablecoin ecosystem is preparing for a growth spurt. The US Treasury predicts the market could reach $2 trillion by 2028. Citigroup, ever the optimist, thinks it could skyrocket to $3.7 trillion by 2030. That’s a lot of zeros, and it bodes well for RLUSD, which is positioned to benefit from this stablecoin explosion.
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2025-05-06 10:52