RLUSD Listed on Bybit, XRP Open Interest Surges to $1 Billion

Ripple USD-backed stablecoin RLUSD is now live on Bybit, expanding Ripple’s stablecoin presence with USDT, BTC, ETH, XRP, and MNT trading pairs. The listing increases liquidity, opens cross-chain support on Ethereum (ETH) and the XRP Ledger (XRPL), and builds momentum for wider adoption.

that Ripple USD (RLUSD) is now available for deposits, withdrawals, and spot trading. The rollout includes RLUSD/USDT, RLUSD/BTC, RLUSD/ETH, RLUSD/XRP, and RLUSD/MNT trading pairs, giving traders flexibility to swap RLUSD against both major and emerging tokens.

The launch improves RLUSD’s liquidity profile and positions Bybit as a key exchange for stablecoin activity.

Ripple has positioned as a USD-backed stablecoin, redeemable 1:1, with reserves managed to meet regulatory standards. Bybit’s support on both ETH and XRPL networks allows users to move seamlessly between blockchains, reducing friction for traders and institutions alike.

RLUSD is gaining traction across exchanges. Gemini listed RLUSD in May 2025, driving higher volumes. Margex later enabled leverage trading with RLUSD collateral. Now, Bybit’s listing expands access further, raising speculation that Binance and Coinbase may follow.

Meanwhile, early market reactions show RLUSD is drawing speculative flows. XRP open interest surged past . Traders view RLUSD as both a liquidity vehicle and a bridge to Ripple’s wider ecosystem.