Ripple announced yesterday, April 29, that it has introduced its stablecoin Ripple USD (RLUSD) to the OKX virtual currency exchange for spot trading (spot) Over 280 pairs.
Additionally, RLUSD may be used as “institutional-level margin collateral for derivatives.” Including perpetual futures contracts The company explained that these will be enabled.
Ripple reports that “the direct issuance and redemption process ensures continuous access to liquidity” and allows users to convert their assets without disrupting operations. This integration is supported by the OKX integrated order book.
This system addresses the problem of liquidity fragmentation that occurs when funds available for asset exchange are divided into multiple segregated pools. OKX mechanism Consolidate trading pairs into a single pool and pricing interface.
This structure allows RLUSD is used to manage positions in both spot and derivatives markets. The system reduces the technical steps required to move capital between different investment modalities, as it “enables flexible margin management and agile capital allocation without the need to move funds between platforms,” the company said.
Jack McDonald, Ripple’s senior vice president of stablecoins, explained the company’s position on this integration. “As RLUSD adoption accelerates, we are seeing particularly strong demand for high-quality collateral in both the native crypto and institutional markets,” the manager said.
In terms of financial structure, the stablecoin is backed 1:1 by physical dollar deposits and US government bonds.
Ripple launched RLUSD in December 2024 and currently has a market capitalization of over $1.5 billion.
According to a report by CriptoNoticias, the asset continues its expansionary trend in the sector. In January of last year, it was incorporated into Binance, the world’s largest cryptocurrency exchange by trading volume.
(Tag Translation) Casa de Cambio (Exchange)
