- Ripple has listed its RLUSD stablecoin on Gemini, expanding its presence in the crypto market.
- The stablecoin, launched in December 2024, operates on both XRP Ledger and Ethereum, with Ripple donating $25 million in RLUSD to support U.S. education.
Ripple has listed its stablecoin, RLUSD, on the Gemini exchange, marking a significant step in its journey. The Winklevoss twins, Tyler and Cameron, founded Gemini, a major U.S.-based cryptocurrency exchange known for its regulatory compliance and secure trading platforms. This listing is a major win for Ripple, following the launch of RLUSD just months earlier.
.@Ripple's #RLUSD is now live on @Gemini
Deposits & withdrawals are enabled 🔥🚀 pic.twitter.com/L0j32tZs3P
— Reece Merrick (@reece_merrick) May 6, 2025
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The Growth of RLUSD: A Stablecoin with Two Blockchains
Ripple launched RLUSD in December 2024 as an innovative stablecoin designed to operate across two blockchains—XRP Ledger and Ethereum. While Ripple initially minted RLUSD on the XRP Ledger, the Ethereum blockchain has seen higher utilization for its release. By launching a stablecoin, Ripple significantly contributes to the growing decentralized finance (DeFi) ecosystem, and its cross-chain functionality provides added flexibility for users and institutions..
Gemini Joins the List of Supporters
The recent listing on Gemini is a notable achievement for Ripple’s RLUSD. Gemini joins a growing list of major cryptocurrency exchanges such as Bullish, Bitstamp, and LMAX Digital that have already added support for the stablecoin. This expansion highlights the increasing acceptance of RLUSD as a reliable and regulated digital asset, particularly in the U.S., where Gemini’s stringent compliance measures ensure that the token operates within legal frameworks.
Ripple’s Commitment to Social Impact: $25 Million Donation
In addition to its growing presence in the cryptocurrency market, Ripple has also demonstrated its commitment to social good. Ripple donated $25 million worth of RLUSD to support U.S. education. This donation highlights Ripple’s broader strategy of leveraging its blockchain and stablecoin technology for positive social impact, further solidifying the company’s role as an influential player in both the crypto and philanthropic worlds.
Since its launch, RLUSD has made significant strides in the crypto market, with zero RLUSD minted since April 25. As more exchanges list the stablecoin and its adoption grows, RLUSD’s future looks promising. Ripple’s continued focus on expanding its offerings and fostering partnerships with major exchanges like Gemini signals that the stablecoin is well-positioned to become a key player in the global crypto landscape.
In conclusion, the Gemini listing is a clear indicator of RLUSD’s growing recognition in the crypto world, and as it continues to expand its reach, Ripple’s stablecoin could play an important role in the evolving digital economy.
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