Overview
- Ripple and OKX announced Wednesday a broad RLUSD rollout that adds 280+ spot pairs, enables margin collateral for supported perpetual futures, supports XRPL deposits and withdrawals, and offers direct minting and redemption on the exchange.
- OKX, which reports 120 million users, will place RLUSD in its unified order book that funnels quotes into one pool to tighten spreads and improve execution for large trades.
- Ripple says RLUSD operates with approvals from New York and Dubai regulators, a stance meant to let institutions hold the token as collateral without triggering compliance issues.
- Bullish integrated RLUSD as collateral for crypto‑settled Bitcoin options for Ripple Prime clients, extending the token’s role from spot trading to options and other institutional workflows.
- RLUSD’s circulating supply sits near $1.5–$1.6 billion, and coverage notes that growth toward $2–$3 billion would be an early sign that new listings are converting into on‑demand minting and lasting balance‑sheet use.