Gemini Lists Ripple's RLUSD Stablecoin for Trading
New Listing on Gemini
The Gemini platform has announced the listing of the RLUSD stablecoin issued by Ripple, which aims to support instant and secure cross-border transactions using blockchain technology.
Importance of RLUSD
RLUSD represents a strategic step for Ripple to enhance its control over the stablecoin market, as it fully complies with U.S. regulatory standards.
Intensifying Competition
With the entry of RLUSD into the market, it will face strong competition from USDT and USDC, but Gemini's support may provide a significant boost in institutional trading.
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