Ripple has listed its dollar-backed stablecoin RLUSD on OKX, opening the token to spot trading across more than 280 pairs and to derivatives margin use.

OKX Lists RLUSD

The exchange confirmed that RLUSD is now active on its platform, with deposits and withdrawals routed through the XRP Ledger.

Trading pairs include an RLUSD market against XRP (XRP), Ripple's cross-border token.

Traders can use the stablecoin as institutional-grade margin collateral for derivatives, including perpetual futures where regional rules permit. OKX serves more than 120 million users globally, and the listing adds RLUSD to its Unified Order Book, which pools liquidity across compatible markets into a single interface.

Jack McDonald, Ripple's senior vice president of stablecoins, said the partnership lets users deploy capital across spot and derivatives while deepening liquidity on a major venue.

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RLUSD Growth Curve

The deal matters because RLUSD is climbing the stablecoin rankings at a pace that has caught market attention. The token has reached a market cap above $1.5 billion in less than 18 months and now sits as the eighth-largest stablecoin tracked by CoinMarketCap and CoinGecko.

Ripple launched RLUSD in December 2024 under a New York Department of Financial Services trust charter, backing it with cash deposits, short-term U.S. Treasuries, and cash equivalents.

Earlier this year, Ripple integrated RLUSD into its enterprise treasury platform, enabling corporate finance teams to hold the stablecoin alongside fiat balances. The token is also live on Binance and Kraken, and Ripple has signaled plans to extend RLUSD onto Ethereum Layer-2 networks through Wormhole's transfer standard pending further regulatory sign-off.

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