Cryptocurrency exchange Gemini has officially listed Ripple’s RLUSD stablecoin, allowing users to trade, deposit, and withdraw the token directly on the platform. This move marks a significant step forward in the global adoption of RLUSD. Following the announcement, RLUSD’s trading volume surged by 63.7%.
RLUSD Goes Live on Gemini
The announcement was made via Gemini’s official X (formerly Twitter) account:
“RLUSD is now available for trading on Gemini. Deposits and withdrawals are enabled. Buy, sell, and store today.”
With this move, Gemini joins other major exchanges that support RLUSD trading. Bitstamp listed the stablecoin on January 8, and Kraken followed suit on April 2.
Notably, according to data from CoinGecko, RLUSD’s 24-hour trading volume surged to over $52 million just a day after the announcement, reflecting a 63.7% increase compared to the previous day. This double-digit rise indicates heightened market activity and growing confidence in Ripple’s stablecoin.
Remarkable Growth Since Late 2024
RLUSD has been experiencing impressive growth since its launch late last year. Since the beginning of 2025, its market capitalization has skyrocketed by 338.6%, now standing at $317 million.
While its market cap remains modest compared to leaders like Tether (USDT) and USD Coin (USDC), analysts remain optimistic about RLUSD’s long-term potential.
One user on X commented:
“RLUSD has exploded since its launch, now pushing over $860 million in monthly volume. It’s fully backed, built on XRP Ledger and Ethereum, and already integrated into Ripple Payments. Kraken, Bitstamp, and LMAX Digital have listed it. This is Ripple’s enterprise-grade answer to global stablecoin demand, built for compliance, scalability, and cross-border dominance.”
Additionally, RLUSD’s use as collateral across Hidden Road’s prime brokerage products is expected to spark significant demand. Furthermore, BeInCrypto reported that Ripple has pledged $25 million in RLUSD for U.S. public education initiatives, further demonstrating its real-world utility.
The Growing Stablecoin Market
The broader stablecoin ecosystem is also poised for significant growth. According to U.S. Treasury forecasts, the market capitalization could reach $2 trillion by 2028. Citigroup projects it could rise to $3.7 trillion by 2030.
This expansion of the stablecoin market is expected to benefit RLUSD, driving further integration and usage as global demand for stablecoins continues to rise.
