Ripple USD (RLUSD) officially went live on BitMart on Jan. 28, 2026. The exchange said deposits opened at 3:00 AM UTC, trading for the RLUSD/USDT pair began at 4:00 AM UTC, and withdrawals started at 5:00 AM UTC.
The BitMart debut adds another venue for the stablecoin after earlier listings on Binance and Kraken, giving RLUSD broader exchange access and deeper liquidity. BitMart also noted that trading is restricted in Lithuania because of regulatory requirements.
Dollar-backed stablecoin tied to Ripple’s payments push
RLUSD is a U.S. dollar-denominated stablecoin issued by Standard Custody & Trust Company, a wholly owned Ripple subsidiary. Each token is backed 1:1 by U.S. dollars and cash equivalents, with the product positioned around trust, liquidity, and compliance.
According to the market figures cited in the source material, RLUSD was trading near $0.9992, with roughly $117 million to $120 million in 24-hour volume and a market capitalization of about $1.33 billion. Ripple has already integrated the stablecoin into several enterprise-facing products, including Ripple Payments, institutional treasury tools, and DeFi connections across both the XRP Ledger and Ethereum.
RLUSD and XRP are being compared, but they serve different jobs
The article points to a growing RLUSD-versus-XRP narrative. Even so, the two assets are designed for separate functions. RLUSD is aimed at price stability, payments, remittances, treasury management, and settlements. XRP, Ripple’s native blockchain token, is positioned as a bridge asset for fast, lower-cost currency conversion across borders.
The distinction in the source is straightforward: RLUSD brings stability, while XRP supplies speed and liquidity. Ripple’s dual-asset approach uses RLUSD for U.S. dollar-based transfers and keeps XRP in the flow when value needs to move between different fiat currencies or stablecoins. That structure is presented as a way to reduce volatility exposure for institutions while preserving XRP’s role in cross-border liquidity.
XRP market strength is feeding the broader Ripple discussion
The source also highlighted XRP’s recent market performance. XRP was listed at about $1.90, with roughly $2.27 billion in 24-hour trading volume and a market capitalization of around $116.06 billion. It linked recent strength to Ripple’s partnership with DXC Technology, $9.16 million in spot XRP ETF inflows while other products saw outflows, and expectations that Japan may consider the token a regulated financial asset.
That attention has carried over into discussions around RLUSD. One asset is being watched for stablecoin utility and adoption. The other remains central to Ripple’s liquidity and conversion narrative.
Payments, DeFi access, and institutional finance remain the focus
For RLUSD, the source frames usage as the key metric. Areas under development include multichain expansion for wider DeFi access, Chainlink price feeds for transparency, institutional adoption that includes using the stablecoin as collateral, and regulatory approvals in places such as Singapore, the UAE, and New York.
BitMart’s listing fits into that expansion path. Based on the details provided, RLUSD is being used to extend stable settlement options, while XRP continues to support faster global transfers inside the same Ripple ecosystem.