Another Top Exchange Adds Ripple USD (RLUSD) to Its Trading Instruments

Crypto influencer Amelie highlighted a significant development in the digital asset space, sharing that LMAX Digital, a prominent institutional digital assets exchange, has expanded its trading offerings by incorporating Ripple USD (RLUSD) into its platform. This addition aligns with the exchange’s commitment to providing secure and transparent market access to liquid digital assets for institutional clients.

On March 19, 2025, LMAX Digital announced the inclusion of RLUSD to its list of trading instruments. The exchange emphasized that RLUSD is a fully regulated stablecoin, backed 1:1 by U.S. dollar deposits, short-term government bonds, and cash equivalents, ensuring stability and liquidity for institutional traders. 

Chris Knight, Managing Director at LMAX Digital, commented on the listing, stating that the introduction of this fully regulated, USD-backed stablecoin aligns with their commitment to provide institutional clients with secure and transparent market access to the most liquid digital assets.

About Ripple USD (RLUSD)

Ripple USD (RLUSD) is a stablecoin designed to maintain a constant value of one U.S. dollar. Natively issued on both the XRP Ledger and Ethereum blockchains, RLUSD is fully backed by a segregated reserve of cash and cash equivalents and is redeemable 1:1 for U.S. dollars. Ripple emphasizes that RLUSD enables businesses to send funds worldwide, backed by stability, trust, and compliance, with transactions settling in seconds on XRP Ledger and Ethereum blockchains. 

Market Reception and Implications

The addition of RLUSD to LMAX Digital’s platform is expected to enhance the stablecoin’s liquidity and accessibility among institutional investors. Ripple’s entry into the stablecoin market positions it as a competitor to established players like Tether and USD Coin (USDC), which currently dominate nearly 90% of the market. Ripple’s RLUSD launch represents a key milestone in the institutional adoption of stablecoins, offering a trusted alternative for payments, trading, and on-chain liquidity management.

LMAX Digital’s integration of RLUSD into its trading instruments signifies a notable development in the digital asset ecosystem, reflecting the growing institutional interest in regulated and transparent stablecoins. As the digital asset market continues to evolve, such collaborations between established exchanges and stablecoin issuers like Ripple are poised to play a crucial role in bridging the gap between traditional finance and decentralized finance.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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