Binance Integrates Ripple USD on XRP Network, Opens Deposits

The exchange enables RLUSD deposits, with withdrawals to follow once adequate liquidity is established.

XRP
RLUSD

Summary

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Terms & Concepts
  • Ripple USD (RLUSD): A stablecoin issued on the XRP Ledger, designed to maintain a fixed value pegged to the U.S. dollar.
  • XRP Network: A blockchain ledger developed by Ripple Labs for fast, low-cost cross-border transactions.
  • Liquidity: The ease with which an asset can be bought or sold in the market without affecting its price.