The Ripple USD (RLUSD) stablecoin continues to make waves in the cryptocurrency market, with its latest listing on Bullish, an institutional-grade exchange backed by Peter Thiel. This move was officially announced on Tuesday, signaling growing adoption for the much-anticipated stablecoin.

RLUSD Markets Expand on Bullish Exchange

Bullish has introduced seven new trading pairs featuring RLUSD, providing its users with increased versatility. The supported markets include:

RLUSD/USDC

BTC/RLUSD

XRP/RLUSD

ETH/RLUSD

USD/RLUSD

EUR/RLUSD

SOL/RLUSD

The RLUSD stablecoin, which debuted on December 17 after receiving approval from the New York State Department of Financial Services (NYDFS), was initially announced in April. Its launch has garnered significant attention due to its focus on regulatory compliance and enterprise-grade functionality.

Global Adoption of RLUSD

The Bullish listing is the latest in a series of high-profile adoptions for RLUSD. Earlier today, Singapore-based exchange Independent Reserve added support for the stablecoin. Prior to this, RLUSD was listed on prominent platforms such as Bitso and Uphold.

According to CoinGecko, RLUSD boasts a market cap of $72.8 million, positioning it as the 691st largest cryptocurrency by market capitalization. Despite modest trading volume, amounting to $2.7 million over the past 24 hours, interest in RLUSD is steadily growing.

Ripple’s Commitment to Regulatory Excellence

In the past 24 hours alone, approximately 1.5 million RLUSD tokens were minted by Ripple, reflecting increased demand. Ripple CEO Brad Garlinghouse has emphasized that RLUSD is designed to be the “gold standard” for enterprise-grade stablecoins. Ripple’s executives frequently highlight the stablecoin’s robust regulatory compliance, setting it apart in a competitive market.

Future Prospects for RLUSD

The Bullish listing was first announced by Brad Garlinghouse on December 16, underscoring the stablecoin’s expanding presence. Additionally, Bitstamp, a leading European cryptocurrency exchange, is expected to integrate RLUSD in the near future, further broadening its accessibility.

With RLUSD’s rapid adoption and Ripple’s commitment to compliance and innovation, the stablecoin is poised to play a pivotal role in the evolving cryptocurrency landscape.