Binance opens XRP Ledger deposits for Ripple’s flagship token

Binance enhances Ripple USD accessibility, fortifying its stance in the stablecoin market alongside USDT and USDC.

Binance has finalized the integration of Ripple USD (RLUSD) on the XRP Ledger network, enabling deposits for the stablecoin on the platform, according to a Thursday announcement.

The exchange noted that withdrawals will be enabled once sufficient liquidity has been established. In the meantime, users can generate deposit addresses directly through their Binance wallets to begin transferring RLUSD onto the platform.

Binance opens XRP Ledger deposits

RLUSD is a dollar-pegged digital asset issued by Ripple Labs, designed to maintain a 1:1 value with the US dollar. The stablecoin operates natively on both the XRP Ledger and the Ethereum blockchain, positioning it as a regulated, multi-chain solution tailored for institutional payments, cross-border settlements, and decentralised finance (DeFi) applications.

Binance’s integration significantly improves RLUSD’s accessibility and liquidity, potentially accelerating its adoption among retail and institutional users. As one of the world’s largest crypto exchanges by trading volume, Binance’s support provides broader market exposure and reinforces confidence in the asset’s infrastructure.

Introduced in late 2024, RLUSD marks Ripple’s strategic entry into the highly competitive stablecoin market. The sector is currently dominated by Tether’s USDT and Circle’s USDC, which together account for more than $250 billion in market capitalisation. Ripple aims to differentiate RLUSD through regulatory compliance, transparency, and its deep integration within payment-focused ecosystems.

Since its launch, RLUSD’s market capitalisation has climbed past $1.5 billion, according to data from CoinGecko, signalling steady early traction as it competes for share in the rapidly evolving stablecoin landscape.