Ripple has taken another major step in the world of digital currencies. Its brand-new stablecoin, Ripple USD (RLUSD), is now officially listed on Gemini, a major U.S.-based crypto exchange. This platform was founded in 2014 by the well-known Winklevoss twins, Tyler and Cameron, often dubbed the “crypto twins.”
Gemini listing boosts trust and visibility
The addition of Ripple USD to Gemini marks a new chapter for the stablecoin. RLUSD had already gained support from exchanges like Bullish, Bitstamp, and LMAX Digital, but Gemini adds further credibility. It’s a clear signal that RLUSD is being taken seriously within the crypto industry.
The news was shared by Reece Merrick, a senior executive at Ripple and managing director for the Middle East & Africa. On his social media account, he announced that RLUSD is now tradable on Gemini. This is a milestone for Ripple in the rollout of its latest digital asset.
Ripple USD operates on two major blockchains
Ripple USD launched on the mainnet in December 2024 and is issued on both the XRP Ledger and Ethereum. While both chains are in use, Ethereum has so far seen the most activity in RLUSD issuance. Supporting multiple blockchains makes the stablecoin more flexible and appealing to a wider range of users.
What sets RLUSD apart is its combination of speed, scalability, and reliability. The coin is designed to remain stable against the U.S. dollar, making it a safe haven in the volatile crypto market. Ripple aims not just at investors, but also at businesses and institutions seeking digital stability.
Gemini’s adoption of RLUSD could be a catalyst for broader adoption. With its large user base and strong reputation as a regulated U.S. exchange, Gemini opens Ripple USD to a wider audience of retail and institutional investors.
Ripple clearly aims to play a dominant role in the stablecoin market with RLUSD. By partnering with established platforms like Gemini, the company strengthens its position. The future of Ripple USD looks bright as support for the token continues to grow.
