Binance to open trading for Ripple’s stablecoin and XRP pairs

Binance announced it will list Ripple USD (RLUSD), a US dollar-backed stablecoin issued by a Ripple Labs subsidiary, with trading commencing on January 22. The exchange will launch three spot pairs: RLUSD/USDT, RLUSD/U, and XRP/RLUSD, allowing deposits ahead of trading. To promote adoption, Binance will waive trading fees on the RLUSD/USDT and RLUSD/U pairs initially. RLUSD, which has surpassed $1.4 billion in market capitalization, is currently supported on Ethereum, with XRP Ledger compatibility planned. Ripple views this listing as a significant milestone for RLUSD's growth and its enterprise stablecoin infrastructure, noting that RLUSD is issued under a New York DFS charter.

(Source：Crypto Briefing)