OKX Adds Ripple’s RLUSD Stablecoin to Unified Order Book

The exchange said Ripple’s RLUSD is now available in its Unified Order Book, emphasizing payments, card transactions, and real-world settlement for the New York State Department of Financial Services-approved 1:1 U.S. dollar-backed asset.

RLUSD

Summary

OKX has integrated RLUSD, Ripple’s stablecoin, into its Unified Order Book. The announcement highlights RLUSD’s intended use in payments, card transactions, and real-world settlement, while describing the token as approved by the New York State Department of Financial Services (New York financial regulator) and backed 1:1 by U.S. dollars. In crypto markets, a unified order book can help concentrate liquidity by bringing trading activity into a single market structure, which can support execution and accessibility for listed assets.

Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value, often by being backed by fiat currency such as the U.S. dollar.
  • Unified Order Book: A trading system that combines buy and sell orders into a single market view, helping concentrate liquidity and improve price discovery.
  • 1:1 USD-backed: A reserve structure stating that each token is backed by one U.S. dollar or an equivalent dollar-denominated reserve asset.