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- Ripple expands RLUSD’s reach with new listings on Zero Hash and Revolut, boosting its role in the XRP ecosystem.
- RLUSD’s growing adoption highlights Ripple’s strategic push for stablecoin utility across multiple blockchain networks.
In a significant advancement for the XRP ecosystem, Ripple has announced that its regulated stablecoin, Ripple USD (RLUSD), is now available for trading on two prominent cryptocurrency platforms: Zero Hash and Revolut.
This move started in 2024, as reported by CNF, with RLUSD listed on Singapore’s Independent Reserve, signaling its strategic expansion in the stablecoin market. Now, as posted on Ripple’s X account, this expansion is poised to enhance the utility and adoption of RLUSD across multiple blockchain networks.
🚨 New partner alert: Ripple USD – a trusted, transparent, and regulated stablecoin built for payments – is now available for trading on @ZeroHashX and @RevolutApp!
Get $RLUSD: https://t.co/jrEiNBWKgN pic.twitter.com/36q5OU5xfa
— Ripple (@Ripple) February 5, 2025
Zero Hash, a leading crypto and stablecoin infrastructure provider, has integrated RLUSD into its offerings. This integration allows customers to access RLUSD for transactions on both the XRP Ledger and Ethereum networks.
In addition, GlobeNewswire highlighted that Edward Woodford, Founder and CEO of Zero Hash, emphasized the company’s commitment to providing innovative and regulated stablecoin technologies to its clients.
Similarly, Revolut, a global financial technology company, has listed RLUSD on its platform, further broadening the stablecoin’s accessibility to a diverse user base. According to CryptoTimes, this move aligns with Revolut’s ongoing efforts to expand its cryptocurrency services and offer a wide range of digital assets to its customers.
Broader Adoption and Future Prospects
The addition of RLUSD to these platforms comes on the heels of its recent listing on other exchanges, including Bitstamp, Uphold, and MoonPay. This growing support underscores the increasing confidence in RLUSD’s stability and regulatory compliance.
As RLUSD becomes more widely available, it is expected to play a pivotal role in facilitating seamless transactions and enhancing liquidity within the XRP ecosystem.
Insights from Ripple’s Chief Legal Officer and Market Update
In related news, Ripple’s Chief Legal Officer, Stuart Alderoty, shared his perspectives on the evolving regulatory landscape for cryptocurrencies in the United States. He highlighted the positive changes under the current administration, noting significant policy shifts and the establishment of a crypto task force by the U.S. Securities and Exchange Commission (SEC).
Additionally, Alderoty expressed optimism about these developments, viewing them as steps toward a more supportive environment for crypto innovation.
At the time of writing, XRP is trading at approximately $2.42, experiencing a slight decrease of 3.69% from the previous close in the past day and 22.09% in the past week. This price movement reflects the market’s response to recent developments, including the expansion of RLUSD and broader regulatory shifts.
