Ripple, OKX expand RLUSD access with over 280 spot pairs, derivatives use

Ripple and cryptocurrency exchange OKX have partnered to significantly expand access to Ripple's stablecoin, RLUSD. This collaboration will make RLUSD available for spot trading across more than 280 trading pairs on OKX. Additionally, traders can utilize RLUSD as institutional-grade collateral for derivatives, including perpetual futures. Deposits and withdrawals will be facilitated through the XRP Ledger (XRPL), with direct minting and redemption ensuring continuous liquidity. This move aims to boost RLUSD's adoption and liquidity, positioning it to better compete with established stablecoins like USDT and USDC. Ripple launched RLUSD in December 2024 and it currently holds a market capitalization exceeding $1.5 billion. OKX, serving over 120 million customers globally, will allow users to trade and collateralize positions across both spot and derivatives markets using RLUSD, simplifying margin management and capital deployment.

(Source：The Block)