In a significant move for the regulated stablecoin market, cryptocurrency exchange Bitget has added Ripple’s RLUSD to its spot trading platform, according to an announcement made on May 29, 2025. This strategic listing highlights the growing demand for compliant digital assets, particularly among institutional investors seeking regulatory clarity.
What Makes RLUSD Different?
RLUSD stands out in the crowded stablecoin landscape with several distinctive features:
• It maintains a 1:1 peg to the US dollar, backed by segregated reserves of USD and cash equivalents
• Unlike many competitors, RLUSD operates on both the XRP Ledger and Ethereum blockchain, offering versatility across platforms
• It’s issued by a New York Department of Financial Services (NYDFS) chartered limited purpose trust company, providing a clear regulatory framework
• Transactions on the XRP Ledger complete in approximately 3 seconds, making it significantly faster than many alternatives
• Transaction fees remain minimal—less than one cent per transaction
“RLUSD stands out as one of the few stablecoins issued by a NYDFS-chartered limited purpose trust company, placing it in a uniquely clear regulatory framework,” said Gracy Chen, Bitget’s CEO.
Institutional Appeal and Market Position
The addition of RLUSD to Bitget’s platform aligns with the exchange’s 2025 roadmap focused on expanding institutional offerings. The stablecoin’s regulatory compliance makes it particularly attractive to enterprise users who prioritize transparency and risk management.
RLUSD currently has a market capitalization of approximately $294 million, with significant potential for growth as Ripple continues integrating it into their global payments network that spans over 90 markets .
Relationship with XRP
While both are part of Ripple’s ecosystem, RLUSD and XRP serve complementary rather than competing functions:
• RLUSD provides stable value storage with its dollar peg
• XRP functions as the native currency of the Ripple network and serves as a bridge for cross-border transactions
• Together, they create a more comprehensive solution for digital payments and value transfer
Bitget’s Expanding Crypto Payment Ecosystem
This listing comes shortly after Bitget Wallet launched its ‘Shop with Crypto’ feature in May, an in-app marketplace allowing users to spend cryptocurrencies directly on goods and services from over 300 global brands. Unlike services that convert crypto to fiat before purchase, Bitget’s solution enables crypto-native checkout directly from the wallet.
The company’s PayFi feature includes new functions like Pay Direct, Scan to Pay, and Tap to Pay, aiming to increase both cryptocurrency adoption and payment efficiency in everyday transactions.
As regulated stablecoins continue gaining traction in both retail and institutional markets, Ripple’s RLUSD appears well-positioned to capitalize on the growing demand for compliant digital assets that bridge traditional finance and blockchain technology.
