Gemini adds RLUSD amid growing stablecoin demand
RLUSD sees Gemini market debut
In a strategic move highlighting growing interest in the stablecoin sector, U.S.-based cryptocurrency exchange Gemini has officially listed Ripple USD (RLUSD)—a U.S. dollar-backed stablecoin—for deposits, withdrawals, and trading.
The addition of RLUSD to Gemini’s platform marks a significant expansion for the stablecoin, which is now available on more than 15 global exchanges, including Bitstamp, Uphold, Coinmena, Bullish, and Revolut, according to The Crypto Times.
With Gemini’s backing, RLUSD strengthens its footprint in the U.S. market and solidifies its role as a convenient tool for payments, trading, and international financial operations.
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Purpose and regulatory compliance
RLUSD is issued by Standard Custody & Trust Company—a Ripple subsidiary—and is fully backed by U.S. dollar reserves. The stablecoin is designed with regulatory compliance in mind and serves as a key element within Ripple’s ecosystem, supporting cross-border payment services and tokenized financial instruments.
Application in social initiatives
Beyond its exchange listings, RLUSD is actively being used in real-world applications. Notably, Ripple recently donated the equivalent of $25 million in RLUSD to support U.S. public education. The funds were distributed via organizations such as DonorsChoose and Teach For America and are intended to provide underfunded schools with educational materials, technology, and teacher support—demonstrating Ripple’s commitment to financial literacy and social responsibility.
Institutional adoption and outlook
At the institutional level, RLUSD is gaining traction as a collateral and settlement instrument. Ripple is integrating the stablecoin into its Ripple Payments network to facilitate international transfers for corporate clients. Additionally, following the $1.25 billion acquisition of prime brokerage firm Hidden Road in April, RLUSD is set to become a central component of the firm’s settlement infrastructure.
As RLUSD expands across both retail and institutional markets, it is evolving from a standard stablecoin into a key financial instrument within Ripple’s strategic vision. Gemini’s endorsement reinforces this trajectory and could drive wider adoption across the crypto ecosystem.
With use cases ranging from education to enterprise finance, RLUSD is emerging as one of the most promising stablecoins in the rapidly evolving digital asset landscape.
Notably, in March, Gemini appointed Dan Chen as its new Chief Financial Officer.
