Gemini Launches Ripple Stablecoin RLUSD, Trading Volume Soars

Cryptocurrency exchange Gemini has launched Ripple's stablecoin RLUSD, which is now open for deposits, withdrawals, and trading. Following the announcement, RLUSD's 24-hour trading volume surged by 63.7%, reaching $52 million. Since the beginning of 2025, RLUSD's market capitalization has increased by 338.6%, currently standing at $317 million. This stablecoin is built on the XRP Ledger and Ethereum network, has been launched on Bitstamp, Kraken, and LMAX Digital, and is integrated into the Ripple payment system, becoming an important competitor in the enterprise-level stablecoin market.