HomeCrypto NewsMarketRipple CEO Cleverly Shows XRP in His RLUSD Listing Message

Ripple CEO Cleverly Shows XRP in His RLUSD Listing Message

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Ripple CEO Brad Garlinghouse subtly references XRP in reaction to Binanceโ€™s official listing of the companyโ€™s stablecoin RLUSD.ย 

Garlinghouseโ€™s remarks follow reports that RLUSD will commence trading on Binance on January 22, 2025. Binance will initially roll out support for RLUSD on the Ethereum blockchain, with support for XRPL expected soon after.

Supported pairs include XRP/RLUSD and RLUSD/USDT. While users can now deposit RLUSD from Ethereum wallets, trading begins on January 22, with withdrawals opening on January 23.

Key Points

  • RLUSD will commence trading on Binance on January 22, with withdrawals slated to begin the following day.
  • Initial support for RLUSD will be on the Ethereum blockchain, with XRPL integration expected later.
  • Garlinghouse’s reaction to Binance’s official listing of RLUSD included a stylistic reference to XRP.
  • Rippleโ€™s actions continue to reinforce XRPโ€™s foundational role in the companyโ€™s long-term vision.

Why Binance Listing RLUSD Matters

Notably, the listing marks a major milestone for Rippleโ€™s ecosystem. It expands RLUSDโ€™s liquidity and visibility by tapping Binanceโ€™s vast global user base and deep order books.

Additionally, the XRP/RLUSD pair directly links the stablecoin to XRP markets, which could lift XRP trading activity. Moreover, as a regulated, compliance-focused stablecoin, RLUSDโ€™s debut on Binance signals growing institutional acceptance and positions it as a credible, enterprise-grade digital dollar.

Ripple CEO Stylishly References XRP

Meanwhile, Ripple CEO Brad Garlinghouse joined the XRP community in celebrating the listing. Posting on X, he said he was โ€œeXtRemely Positiveโ€ to see RLUSD listed on the worldโ€™s largest crypto exchange.

Interestingly, the deliberate capitalization of X, R, and P within the word โ€œeXtRemely Positiveโ€ drew attention, given the subtle nod to XRP. Notably, a prominent community figure interpreted the message as a testament that XRP remains central to Rippleโ€™s strategy.

Indeed, Garlinghouse has consistently emphasized XRPโ€™s foundational role within Ripple, even as the company expands RLUSDโ€™s use cases. He has reiterated this stance amid earlier concerns that Ripple was prioritizing RLUSD over XRP.

Notably, these concerns intensified after Ripple outlined RLUSDโ€™s role in its Hidden Road acquisition without explicitly referencing XRP.

XRP Remains Central to Rippleโ€™s Vision

However, Garlinghouse, who bears an XRP logo tattoo on his arm, has consistently pushed back, stressing that XRP sits at the center of everything Ripple does.

Moreover, Ripple has reinforced this stance through concrete actions. The company joined a venture alongside major players such as Kraken and SBI to help establish the worldโ€™s largest XRP reserve.

Additionally, last year, Ripple partnered with Mastercard to explore using RLUSD on the XRP Ledger, aligning with broader efforts to settle stablecoin transactions via fiat card networks.

Notably, Ripple is the largest holder of XRP, with roughly 34 billion tokens held in escrow. As a result, any rise in XRPโ€™s price directly strengthens Rippleโ€™s financial position, and vice versa.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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