Ripple's dollar-pegged stablecoin, RLUSD, has achieved a significant milestone on Binance, being approved as eligible margin collateral for perpetual futures contracts just eleven days after its initial spot listing on February 12. According to Mike Higgins, BD/CD at Ripple Prime, this collateral status is the real development, not just the listing itself. RLUSD is now live on Binance spot pairs and can be used as margin, which is integrated within the XRP Ledger.
Higgins explained that this move fundamentally changes institutional risk management by solving capital fragmentation. Instead of moving funds between different stablecoins across exchanges, institutions can now use RLUSD on Binance for both spot trading and derivatives. "Accepting derivatives collateral boosts capital efficiency and reduces fragmentation between venues," Higgins stated, calling it a sign of a maturing market.
If Binance liquidity deepens and RLUSD maintains supply growth without discount pressure, the token could evolve from a niche XRP ecosystem instrument into a cross-venue institutional stablecoin. Current data shows a 24-hour turnover for RLUSD on Binance above $100 million, placing it in the top half of regulated USD-backed tokens by supply, though still behind giants like USDT and USDC.
Concurrently, crypto media figure Paul Barron has highlighted a potentially major development forming around both XRP and RLUSD, with the proposed U.S. Clarity Act serving as a key catalyst. Barron's internal research suggests regulatory momentum and product alignment are converging, positioning Ripple's ecosystem for a strategically important phase. He indicated that XRP's role as a liquidity bridge and RLUSD's compliance-ready stablecoin structure could create a vertically integrated settlement model that scales effectively under clearer regulatory frameworks. A comprehensive breakdown from his team is expected next week.
