#binance #hype #zec #near
29/04/26 08:22 UTC-04

Ripple and OKX Expand RLUSD Access with Over 280 Spot Pairs and Derivatives

  • Ripple and OKX have joined forces to make $RLUSD available for spot trading across more than 280 currency pairs.
  • The $RLUSD pair can now be used as “collateral for institutional-grade margin lending for derivatives, including perpetual futures, where applicable.”

On Wednesday, Ripple and the crypto exchange OKX announced a partnership aimed at expanding access to $RLUSD, including enabling spot trading of the stablecoin across more than 280 currency pairs.

The partnership could boost the usage and liquidity of $RLUSD, allowing Ripple’s stablecoin to better compete with the industry’s two leading stablecoins: $USDT by Tether and $USDC by Circle. Ripple launched its $RLUSD stablecoin in December 2024, and its market capitalization exceeds $1.5 billion.

On OKX, traders will be able to use $RLUSD as “collateral for institutional-grade margin lending for derivatives, including perpetual futures, where applicable,” according to the companies’ statement. “Deposits and withdrawals are processed via the XRP Ledger (XRPL), while direct minting and redemption ensure continuous liquidity access,” the statement added.

“As adoption of $RLUSD accelerates, we are seeing strong demand across both crypto-native and institutional markets, particularly for high-quality collateral,” said Jack McDonald, Ripple’s Senior Vice President of Stablecoins.

According to OKX representatives, thanks to a unified order book, clients can use $RLUSD “for trading and collateralizing positions across both spot and derivatives markets, enabling more flexible margin management and optimized capital allocation without moving funds between platforms.”

According to the statement, OKX serves more than 120 million customers worldwide. In addition to issuing $RLUSD, Ripple is closely associated with the $XRP token and is a key supporter of its ecosystem.

See also: "Cryptocurrency exchanges Upbit and Bithumb announced the delisting of this altcoin"

#OKX #Ripple #RLUSD

Editor: Alyona Nabok
Comments

Similar

29/05/26 02:56 UTC-04

OKX Ventures buys $53 million stake in Korea's Coinone exchange

OKX Ventures, the investment arm of crypto exchange OKX, will invest KRW 80 billion ($53 million) for a 19.6% stake in South Korean cryptocurrency exchange Coinone, the companies announced Friday, marking one of the largest recent investments by a global crypto firm into Korea's digital asset sector.

26/05/26 07:54 UTC-04

Compatible Crypto Exchanges Can Now Be Built Within the OKX Ecosystem

The X Layer blockchain from crypto exchange OKX has introduced a major upgrade called Exchange OS, enabling developers and organizations to launch trading platforms within a shared infrastructure environment. Exchange OS allows ecosystem participants to build exchanges and trading venues using the same infrastructure as OKX, with throughput reaching up to 300,000 transactions per second.

22/05/26 14:26 UTC-04

ICE and OKX Plan to Launch Perpetual Oil Futures

For this new category of financial products, ICE will provide pricing data. According to the release, the contracts will initially cover only two products — WTI and Brent crude oil.