Ripple USD (RLUSD) Volume Jumps 27% Amid Major Exchange Listing.

Ripple USD (RLUSD) stablecoin has seen a big volume boost following the Gemini listing and broader ecosystem engagement.

Current market data shows that the Ripple USD (RLUSD) stablecoin has recorded a remarkable increase in trading volume following a major development in its adoption.

Notably, this increase came shortly after the stablecoin was listed on Gemini, the U.S.-based digital asset exchange run by the Winklevoss twins.

The new listing of RLUSD on Gemini might be a key driver behind the 27% jump in volume. Gemini, founded by Tyler and Cameron Winklevoss, is a digital asset exchange most recognized in the United States. With the listing, the RLUSD stablecoin has gained a new exposure to a large audience of traders and institutions.

Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, first shared the news on X. It is essential to add that this comes after earlier listings of RLUSD by other exchanges like Bullish, Bitstamp, and LMAX Digital. Based on market expectations, Gemini’s addition furthers Ripple’s push for widespread usage of RLUSD.#RLUSD