The Ripple company announced yesterday, April 29, the arrival of its stablecoin Ripple USD (RLUSD) to the OKX cryptocurrency exchange, for spot trading (spot) in more than 280 pairs.
Additionally, RLUSD may be used as “institutional-level margin collateral for derivatives,” which includes perpetual futures contracts when these are enabled, the company explained.
As reported by Ripple, the “direct issuance and redemption processes ensure constant access to liquidity,” allowing users to convert their assets without operational interruptions. The integration is supported by the unified order book of OKX.
This system addresses the problem of liquidity fragmentation, which occurs when the money available to exchange assets is divided into multiple isolated pools. The mechanism of OKX Consolidates trading pairs into a single pool and pricing interface.
Through this structure, RLUSD is used to manage positions in both the spot and derivatives markets. The system “enables flexible margin management and agile capital allocation without the need to transfer funds between platforms,” which reduces the technical steps required to move capital between different investment modalities, the company notes.
Jack McDonald, senior vice president of stablecoins at Ripple, explained the company’s position on this integration. “As RLUSD adoption accelerates, we see strong demand in both native cryptocurrency and institutional markets, especially for high-quality collateral,” the manager noted.
Regarding its financial structure, the stablecoin is backed 1:1 by physical dollar deposits and United States Treasury bonds.
Ripple launched RLUSD in December 2024 and currently records a capitalization market that exceeds 1.5 billion dollars.
As reported by CriptoNoticias, the asset has maintained an expansion trend in the sector; Last January it was included in Binance, the cryptoasset exchange with the highest transaction volume globally.