Ripple’s RLUSD Listed on Margex To Broaden User Reach

Ripple’s RLUSD stablecoin is now listed on Margex, a well-known cryptocurrency exchange. According to the announcement, this new listing increases the variety of stablecoins available on the exchange, which already offers popular options like USDT. With RLUSD included, Margex users can now enjoy a wider selection of stablecoins, making it easier to trade reliably and efficiently.

Margex Added Several Features to its Platform

RLUSD, a stablecoin backed by the U.S. dollar, provides stability and security, helping traders manage the cryptocurrency market’s ups and downs. As more people look for trustworthy digital assets, adding RLUSD is an important step for Margex to stay competitive in the fast-changing crypto market.

Furthermore, Margex has added new features to its platform, including advanced charting tools from TradingView. These tools are popular with traders because they provide detailed technical analysis. As such, Margex users can accurately make better trading decisions with the improved charting features. Additionally, Margex supports Dogecoin (DOGE) for instant deposits and withdrawals. 

This adds to the platform’s range of assets, including other digital currencies like Kaspa (KAS) and TON. Dogecoin’s fast transaction speeds allow users to enjoy more flexible and seamless transactions. 

Looking ahead, Margex also plans to unveil an ultra-modern wallet designed to offer users enhanced control over their digital assets. Undoubtedly, Margex is becoming a user-friendly exchange focused on meeting the needs of its customers. 

RLUSD Becomes Fourth Most-traded Stablecoin

Recently, RLUSD scored a 2000% surge in trading volume, as outlined on CoinMarketCap. It is worth noting that the surge happened less than three weeks after the official launch of the stablecoin. As of the time of the report, the trading volume metric was at $612.85 million, underscoring the receptive nature of crypto investors and traders towards the stablecoin.

With such figures, RLUSD is the fourth most-traded stablecoin product. Though the trading volume speaks for itself, many netizens are doubting the accuracy of this data, judging by the short time between its launch and the data release.

RLUSD Gains Momentum With Major Exchange Listing

Interestingly, Ripple Lab’s newly launched stablecoin is steadily making waves in the crypto world. With its recent adoption by prominent exchanges like Bitstamp and Bullish, Ripple’s President Monica Long envisions a broader expansion. In a recent interview, Long confidently hints that Coinbase could join the roster.

If this happens, it could mark another significant milestone in RLUSD’s journey toward global adoption.  RLUSD offers on and off-ramps, allowing users to move funds between traditional and digital currencies. Monica Long also said RLUSD would be supported by XRP, which does not rely on other parties. This makes the asset more stable and easier to use.