Ripple’s RLUSD stablecoin is now available across more than 280 spot trading pairs on OKX. The expansion increases liquidity access and positions the token for broader use in both spot and derivatives markets.
The partnership, announced Wednesday, enables RLUSD to be used as margin collateral for derivatives, including perpetual futures where supported. Deposits and withdrawals are facilitated through the XRP Ledger (XRPL), with direct minting and redemption mechanisms designed to maintain liquidity, according to a joint statement from the companies.
Can RLUSD Compete With Leading Stablecoins?
RLUSD, launched in December 2024, has reached a market capitalization of over $1.5 billion. That remains significantly smaller than Tether (USDT) and USD Coin (USDC), which dominate stablecoin supply and trading volume, but expanded exchange integration may narrow the gap by improving capital efficiency for traders.
OKX said its unified order book allows users to deploy RLUSD across spot and derivatives without transferring funds between platforms. This structure supports more flexible margin management and reduces operational friction, particularly for institutional participants managing multi-asset portfolios.
“As RLUSD adoption accelerates, we’re seeing strong demand across both crypto-native and institutional markets, particularly for high-quality collateral,” said Jack McDonald, Senior Vice President of Stablecoins at Ripple.
The company aims to position RLUSD as a reliable collateral asset within regulated and institutional trading environments.
OKX, which reports over 120 million global users, provides a distribution channel that could materially expand RLUSD circulation. Market participants will monitor whether increased derivatives usage and exchange liquidity translate into sustained growth relative to established stablecoin incumbents.
