Gate lists Ripple RLUSD with BTC, ETH, XRP, USDT pairs

The cryptocurrency exchange Gate has listed Ripple's U.S. dollar-backed stablecoin, RLUSD, expanding its availability to a third major trading platform this year. Spot trading for the new asset began on June 15, with pairs available against Bitcoin (BTC), Ethereum (ETH), XRP, and the stablecoin Tether (USDT).

The listing represents a continued expansion for RLUSD, which first launched in December 2024. Since then, it has also become available on other major exchanges, including Binance in January and OKX in April. The asset, issued by Standard Custody & Trust Company, a subsidiary of Ripple Labs, is fully backed by U.S. dollar deposits, short-term Treasuries, and cash equivalents, with monthly attestations provided for transparency.

To encourage adoption, Gate has launched a promotional incentive program worth 750,000 RLUSD. The campaign includes trading rewards, airdrops, and fee reductions, focusing on activity involving the BTC, ETH, and XRP pairs. The exchange stated the incentives are designed to foster genuine trading demand, explicitly excluding stablecoin-to-stablecoin transactions from the promotion to reduce non-organic market activity. Withdrawals for RLUSD on the...