Gate Lists Ripple’s RLUSD, Launches BTC/ETH/XRP Pairs

Gate listed RLUSD, Ripple’s U.S. dollar–backed stablecoin, and opened BTC/RLUSD, ETH/RLUSD, XRP/RLUSD and RLUSD/USDT spot trading on June 15 at 09:00 UTC. The exchange introduced a market incentive pool totaling 750,000 RLUSD to support trading, liquidity and user participation.

The incentive program includes a CandyDrop mechanism for retail users, exclusive airdrops for larger account holders, staged reductions in withdrawal fees and promotion campaigns involving key opinion leaders. Gate excluded stablecoin-to-stablecoin trades from the core incentive scope and structured rewards as phased tasks with tiered levels to target new and existing users and limit non-organic activity.

RLUSD is issued by Standard Custody & Trust Company, LLC, a wholly owned subsidiary of Ripple Labs. The stablecoin is backed 1:1 by U.S. dollar deposits, short-term U.S. Treasuries and other cash equivalents, with monthly attestations provided by the issuer. Since its launch in December 2024, RLUSD’s market capitalization has exceeded $1.6 billion, with use reported in payments, remittances and institutional decentralized finance applications.

RLUSD is available natively on both the XRP Ledger and Ethereum. Gate noted that the XRPL deployment offers faster, lower-cost transfers while the Ethereum deployment provides compatibility with smart contracts.

Gate set RLUSD withdrawals to go live on June 16, 2026 at 09:00 UTC, subject to the status shown on the asset page. The exchange will run a temporary fee-free promotion for single withdrawals of 20 RLUSD or more and said additional withdrawal fee reductions will be phased in.

Gate published RLUSD contract references on Ethereum and the XRP Ledger and listed the new trading markets on its platform. The exchange said it will continue adding assets and pursuing integrations between on-exchange trading and on-chain use cases.