Binance announced on February 12 that it has completed the integration of Ripple USD (RLUSD) on the XRP Ledger and has opened deposits for users, marking a notable expansion of the stablecoin’s on-chain rails. The exchange said deposits are available immediately, while withdrawals will remain paused until there is “sufficient liquidity” on the network to support safe outbound flows, a cautious approach designed to avoid congestion or failed transactions during the early days of the integration.
Users were directed to their assigned deposit addresses on the platform and to the token’s contract details on the XRP Ledger for technical verification before moving funds. RLUSD, Ripple’s dollar-pegged stablecoin, is built to hold a 1:1 value against the U.S. dollar and is backed by a reserve of cash and cash equivalents held separately from Ripple’s corporate assets. The token was issued across multiple blockchains to give institutions and retail users flexibility in how they move dollar-denominated value on-chain.
Industry observers say the decision by a major venue like Binance to enable deposits on the XRP Ledger could meaningfully boost on-chain liquidity for RLUSD and make the stablecoin more usable for traders and institutions that prize low fees and fast settlement times. By routing RLUSD natively on the XRP Ledger, users who already favor XRPL’s throughput and fee profile will be able to move dollar-pegged tokens without bridging to other chains.
Broader RLUSD Listing
The move follows a string of steps from exchanges and platforms to add RLUSD to trading lineups since the stablecoin’s launch. Binance itself had previously listed RLUSD and introduced trading pairs earlier this year, and the new XRP Ledger integration is the latest in a broader push by both Ripple and market venues to increase the token’s availability and resilience across multiple rails.
For end users, the immediate practical change is straightforward: those who want to deposit RLUSD via the XRP Ledger can now do so through their Binance accounts using the addresses provided in the support post. Withdrawals will be added only after the exchange confirms there is enough liquidity on the ledger to process outbound transactions reliably; Binance’s translation note asks users to consult the original English notice if any translated text appears inconsistent.
Broader market watchers will be watching liquidity metrics and on-chain flows closely. If deposits translate quickly into meaningful XRPL pools of RLUSD, Binance may enable withdrawals sooner, and the added activity could nudge other venues to follow suit, a dynamic that could increase competition among stablecoins and sharpen attention on reserve transparency and regulatory compliance.
Source: https://blockchainreporter.net/binance-enables-rlusd-deposits-on-xrp-ledger-as-liquidity-checks-continue/
