Gate Exchange listed Ripple’s RLUSD stablecoin on June 15, opening spot pairs BTC/RLUSD, ETH/RLUSD, XRP/RLUSD, and RLUSD/USDT, with RLUSD maintaining a 1:1 peg to the U.S. dollar.
Launch Details and Ripple Statement
Ripple confirmed that the XRP/RLUSD pair now trades publicly, delivering real interoperability and capital efficiency for crypto markets worldwide. The stablecoin is issued by Standard Custody & Trust Company, LLC, a wholly owned Ripple Labs subsidiary, and is fully collateralized with U.S. dollar deposits, short‑term Treasuries and other cash equivalents, verified through monthly attestations.
Incentive Program and Liquidity Boost
Gate introduced a 750,000 RLUSD incentive scheme that rewards trading volume, liquidity provision, and user participation. The campaign includes CandyDrop rewards, VIP airdrops, staged withdrawal‑fee reductions, and key‑opinion‑leader promotion efforts. Gate highlighted that the program targets RLUSD trading against major