Ripple’s RLUSD Stablecoin Officially Launches on Zero Hash and Revolut
Highlights:
- Two Exchanges, Zero Hash and Revolut, have listed Ripple’s RLUSD on their platforms.
- The new listings will inspire faith in the stablecoin and XRP.
- Zero Hash’s founder described the new development as a major achievement for the exchange.
Cross-Border payment firm Ripple Labs has expanded its stablecoin token, RLUSD reach, following fresh launching on two more trading platforms. Relaying the fresh development on X, Ripple noted that its stablecoin has begun trading on Zero Hash and Revolut.
Both platforms are renowned exchanges with vast users, which invariably implies that more customers will gain access to the RLUSD. It is worth noting that Zero Hash is based in Chicago, United States, while Revolut is based in London, England, highlighting tendencies to expand RLUSD’s reach to diversified customers.
Ripple described its stablecoin as a transparent, regulated, and trusted commodity developed to facilitate payment and crypto exposure. The latest listing will spark excitement among market participants, especially XRP enthusiasts. The positive sentiments stem from the fact that the stablecoin was established to complement XRP. Hence, every progress RLUSD tends to record would likely positively influence XRP’s price actions.
🚨 New partner alert: Ripple USD – a trusted, transparent, and regulated stablecoin built for payments – is now available for trading on @ZeroHashX and @RevolutApp!
Get $RLUSD: https://t.co/jrEiNBWKgN pic.twitter.com/36q5OU5xfa
— Ripple (@Ripple) February 5, 2025
Zero Hash Now Supports Five Stablecoin on its Trading Platform
Like Ripple, Zero Hash also spoke on the new development. In the X post relaying the partnership news, the crypto exchange shed more light on what RLUSD’s presence on Zero Hash implies for the trading platform and its customers. According to the tweet, Zero Hash users will now seamlessly access RLUSD for transactions on the XRP Ledger (XRPL) and Ethereum Network.
Moreover, the addition of RLUSD has boosted the number of stablecoins supported on Zero Hash. The exchange noted that RLUSD increased the number of such tokens on its platform to five. Overall, the trading platform’s API and SDK infrastructure has a total of 65 digital assets running across multiple chains. Zero Hash added that RLUSD’s presence will help cement its position as a leading platform for crypto trading and exchange services.
Edward Woodford, a founder and CEO at Zero Hash, spoke on the collaboration. He stated that the integration highlights the exchange’s commitment to ensuring that customers enjoy access to the most advanced and innovative payment system.
Woodford also spoke about exciting opportunities for some selected users.
The founder stated:
“Zero Hash now offers RLUSD to all partners who can seamlessly embed through our API and SDK. Zero Hash offers the tech stack that powers use cases spanning payouts including Stripe, on-ramping including Shift4, and tokenization payment rails including Franklin Templeton.”
We are pleased to share that we have expanded our stablecoin offering with the addition of @Ripple USD (RLUSD).
This integration allows Zero Hash customers to access RLUSD to process transactions on both the XRP Ledger and Ethereum networks.
Zero Hash's API and SDK… pic.twitter.com/CqZoQ3a1y2
— Zero Hash (@ZeroHashX) February 5, 2025
RLUSD Continues to Record Gradual Expansion
The RLUSD gained market endorsement from the New York Department of Financial Services (NYDFS) and began trading on December 17. Between its market entry and present, the stablecoin has gained acceptance on several exchanges, with the most recent listing involving Margex, a Seychelles-based trading platform.
Other exchanges that have onboarded Ripple’s stablecoin include Bitso, Moonpay, Bullish, Independent Reserve, Bitstamp, Uphold, and Coinmena. Despite the vast exchange listings, most users are not satisfied as they continue to anticipate RLUSD’s debit on some top exchanges like Binance, Coinbase, and Bybit. It is left to see how events unfold with time.
Meanwhile, at the time of press, Ripple’s XRP token is changing hands at approximately $2.44, reflecting a 3.2% decline in the past 24 hours. XRP has not recovered from the generalized market declines that saw it plummet from price levels above $3. Hence, it currently ranks as the fourth most valuable crypto with a $140.69 billion market capitalization.
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Chinedu Agbakwusi
Chinedu Agbakwusi is a news writer and editor for Crypto2Community. He is a crypto enthusiast with vast experience across several crypto-related projects and platforms. Chinedu has been following the development of the crypto market for several years, and he is optimistic about its potential to democratise the global financial system. He hopes to be a reliable plug for reporting trends and breaking down complex concepts to his readers. Agbakwusi's previously written for several crypto news including Times Tabloid, UPay, while also contributing over the years to many others leading media publications.
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