"OKX has listed RLUSD across nearly its entire spot market, allowing it to trade against more than 280 pairs, including RLUSD/XRP. This is a major step up for RLUSD, which spent its first year primarily within Ripple's ecosystem."
"The gap to USDT is still enormous, with Tether's USDT at $184 billion and RLUSD at only $1.6 billion, roughly 0.4% of the total stablecoin market."
"The OKX listing isn't bullish for XRP in the short term. RLUSD becoming institutional collateral matters for RLUSD, but XRP demand will only increase if other major exchanges follow suit."
OKX has listed RLUSD across its entire spot market, allowing trading against over 280 pairs and offering perpetual futures. This listing marks a significant advancement for RLUSD, which previously operated mainly within Ripple's ecosystem. However, the gap between RLUSD and leading stablecoin USDT remains vast, with RLUSD's market cap at $1.6 billion compared to USDT's $184 billion. The listing's impact on XRP is uncertain, as it depends on further adoption and minting shifts to XRPL.
Read at 24/7 Wall St.
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