Bitget Lists Ripple USD (RLUSD) Stablecoin with USDT, USDC Pairs

Bitget has become the latest major cryptocurrency exchange to support Ripple USD (RLUSD), a stablecoin launched by Ripple in late 2022. Users can now deposit RLUSD on the platform, with trading set to begin later today. The stablecoin will be available with two trading pairs: RLUSD/USDT and RLUSD/USDC.

RLUSD has steadily expanded its exchange presence, recently being added to BitMEX earlier this month. It is also available on top exchanges such as Bitstamp and Kraken. According to CoinGecko, RLUSD currently has a market cap of $309 million and has recorded $94 million in 24-hour trading volume.

Despite Ripple’s ambition for RLUSD to reach the top five stablecoins by market cap by the end of 2025, the goal remains ambitious. For comparison, Dai (DAI), currently ranked fifth, boasts a $3.7 billion market cap. RLUSD also trails behind PayPal USD (PYUSD) and TrueUSD (TUSD) in market share. According to the Ripple Stablecoin Tracker, there have been no new RLUSD token issuances this month, raising questions about Ripple’s aggressive growth targets.

The listing on Bitget is a notable step for Ripple’s stablecoin strategy as the platform continues to grow its user base and trading activity. With ongoing adoption by major exchanges, RLUSD is aiming to strengthen its foothold in the competitive stablecoin market. As demand for reliable digital dollar alternatives rises, RLUSD’s availability on prominent trading platforms may help boost its usage and market perception—despite the current gap with leading stablecoins.

Crypto traders and Ripple supporters will be watching closely to see if the stablecoin gains traction in the coming months.