RLUSD Gearing Up for Listings
Ripple’s senior vice president of stablecoins, Jack McDonald expects RLUSD, the company’s new dollar-backed stablecoin, to be listed on several major crypto exchanges soon.
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Currently, platforms like Bitstamp have already confirmed their support for RLUSD. McDonald noted that integrating a new token is a challenging and time-consuming process, requiring exchanges to modify their infrastructure to accommodate both primary and secondary blockchains.
There is a technical aspect to a given exchange saying that they want to support a given token … there's a lot that goes on in that that's not just a handshake that says ‘Sure will support it and bring it here,'
McDonald explained.
Following approval from the New York Department of Financial Services (NYDFS), RLUSD launched on two blockchains: Ledger and Ethereum. Ripple CTO David Schwartz also announced plans to extend support to additional blockchains soon, aiming to attract a broader user base.
Despite Ripple’s established reputation and significant strides, it’s still unclear whether major exchanges like Coinbase and Binance will adopt RLUSD. McDonald remains optimistic but highlighted that the decision depends on regulatory compliance, technical readiness, and liquidity.
Exchanges and liquidity providers are becoming increasingly selective, prioritizing trusted, liquid stablecoins,
McDonald emphasized.
He also pointed out that new stablecoin issuers without institutional support face considerable hurdles, including high legal costs to meet regulatory requirements. This gives established players like Ripple a distinct advantage in entering the U.S. and global markets.
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