Ripple and major cryptocurrency exchange OKX have announced a strategic partnership to expand access to RLUSD, Ripple's USD-pegged stablecoin. The collaboration makes RLUSD available for spot trading across over 280 pairs and more than 300 trading routes on the platform.
According to a joint statement from the companies on Wednesday, the integration also allows traders to use RLUSD as institutional-grade margin collateral for derivatives, including perpetual futures where available. This move positions RLUSD to compete more directly with the industry's top stablecoins—Tether's USDT and Circle's USDC.
Ripple launched RLUSD in December 2024, and the stablecoin has already amassed a market capitalization exceeding $1.5 billion. As part of the integration, deposits and withdrawals are enabled via the XRP Ledger (XRPL), with direct minting and redemption ensuring consistent liquidity access.
"As RLUSD adoption accelerates, we're seeing strong demand across both crypto-native and institutional markets, particularly for high-quality collateral," said Jack McDonald, Ripple's SVP of Stablecoins.
Through OKX's unified order book, customers can use RLUSD to trade and collateralize positions across both spot and derivatives markets, enabling more flexible margin management and streamlined capital deployment without moving funds across platforms. OKX serves over 120 million customers worldwide.
The integration not only improves RLUSD's liquidity but also increases utility for the XRP Ledger by adding direct deposit and withdrawal support for RLUSD on the network, further strengthening the ecosystem around both assets.
