Overview
- RLUSD’s OKX rollout Wednesday lists the stablecoin across more than 280 spot pairs on a unified order book that pools liquidity to tighten spreads.
- OKX now accepts RLUSD as margin collateral for perpetual futures, which can keep funds parked for the life of a position and build steadier demand.
- Deposits and withdrawals run through the XRP Ledger, and OKX supports on‑exchange minting and redemption so supply can scale when traders fund accounts.
- RLUSD’s float sits near $1.5–$1.6 billion, OKX cites a 120 million user base, and coverage flags circulating supply and mint–burn activity as the clearest tests of lasting uptake.
- Separately on Wednesday, Bullish enabled RLUSD as collateral for Bitcoin options for Ripple Prime clients, extending the token’s use from spot and perps into options.