Ripple’s RLUSD stablecoin has been listed on Bybit, adding another major exchange to its growing roster of trading venues. The dollar-backed token, issued natively on Ethereum and the XRP Ledger, can now be traded against USDT, Bitcoin (BTC), Ethereum (ETH), XRP, and Mantle (MNT), with deposits and withdrawals enabled across both blockchains.
Bybit noted that the availability of specific trading pairs may vary by jurisdiction, but the move expands access to RLUSD for global users. The stablecoin, currently ranked 94th with a market cap of $741 million, has also been listed on Bullish, Uphold, Bitstamp, Moonpay, CoinMENA, ArchaxEx, and Bitso.
The listing comes just days after Ripple partnered with tokenisation platform Securitise to enable redemptions of tokenised funds from BlackRock and VanEck directly into RLUSD. Investors in BlackRock’s BUIDL fund and VanEck’s VBILL fund can now convert their tokenised shares into the stablecoin, creating a direct off-ramp from institutional-grade tokenised assets into a liquid digital dollar.
For Bybit, the integration strengthens its offering in the stablecoin market, while for Ripple, it represents a step toward establishing RLUSD as a competitor in a crowded field still dominated by USDT and USDC. Although it is not yet available on top exchanges like Binance or Coinbase, its use in real-world asset tokenisation and adoption by major trading platforms suggests RLUSD could gain traction as institutional adoption of blockchain finance expands.
