RLUSD, the Ripple stablecoin, is slowly moving to broader market usage after leading crypto exchange Gemini listed the token for trading on its platform.
Less than six months after RLUSD hit the market, the stablecoin is already making waves. One recent milestone is its listing on Gemini, a leading US crypto exchange with over 13 million users.
Gemini announced on May 5 that the Ripple stablecoin is now available for trading on its platform. The exchange also confirmed it has enabled deposits and withdrawals of the RLUSD token.
Ripple Stablecoin on Gemini
Interestingly, Gemini left the crypto community curious for over five hours with a cryptic message before finally announcing the RLUSD integration. Before the confirming the recent development, the exchange initially posted a message teasing the idea.
Notably, this initial tweet emphasized: “futures are brighteR when we buiLd Up Systems that upGrade finance,” with the letters “R, L, U, S, and D” singled out in uppercase. The post drew reactions from the community, leading to speculations. Shortly after, Gemini finally announced the Ripple USD listing.
Remarkably, the announcement has contributed to a spike in the RLUSD stablecoin’s volume, which has increased 28% in the past 24 hours to $49.28 million. Nonetheless, its market cap remained at $316.9 million, a sizable figure considering it is barely six months in the market.
Ripple Stablecoin Expanding Territory
With the listing, Gemini becomes the 15th exchange to allow the trading of the stablecoin. Platforms like Uphold, Moonpay, Independent Reserve, Archax, and Bitstamp, among others, have already added support for RLUSD.
Furthermore, RLUSD has also expanded beyond the XRP Ledger and Ethereum network. The Root Network recently announced that the stablecoin is available for trading on its futureverse-focused blockchain, boosting liquidity and use case.
Meanwhile, Ripple has also integrated RLUSD into its enterprise, allowing clients to process cross-border payments using the institution-grade stablecoin. The early April Ripple Payments incorporation further boosted RLUSD’s credibility and stability.
Ripple Donates $25M to US Public Education
The Ripple USD stablecoin also made headlines yesterday, May 5, after Ripple donated $25 million in the token for charity. The payments firm donated through DonorsChoose and Teach For America to facilitate classroom education in underprivileged areas in the United States.
Teachers power the future—and we’re proud to support them: https://t.co/yjvoQdBMtj
Starting with Teacher Appreciation Week, Ripple is committing $25M to U.S. classrooms through @DonorsChoose & Teach For America, supporting critical resources and financial literacy initiatives,…
— Ripple (@Ripple) May 5, 2025
The charitable venture would provide basic supplies to advance financial literacy in the classroom while directly supporting teachers to improve delivery. The donation follows the Teacher Appreciation Week event, which also kicked off yesterday.
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