Gate has listed RLUSD, offering four trading pairs and a range of incentives.

PANews reported on June 15th that Gate.io will list Ripple's USD stablecoin RLUSD at 17:00 (UTC+8) on June 15th, simultaneously opening trading pairs BTC/RLUSD, ETH/RLUSD, XRP/RLUSD, and RLUSD/USDT. RLUSD is fully backed by USD deposits, short-term US Treasury bonds, and other cash equivalents at a 1:1 ratio, and its transparency and compliance are enhanced through monthly reserve audit reports. This stablecoin is designed for payment scenarios, aiming to meet the growing demand from users, developers, and institutions for transparent, interoperable, and real-world-application-capable stablecoins.

To coincide with the launch, Gate.io simultaneously introduced a market incentive program totaling 750,000 RLUSD, encompassing CandyDrop trading incentives, VIP-exclusive airdrops, withdrawal fee waivers, and KOL promotion, among other measures. These initiatives aim to guide genuine trading demand, enhance market depth, and drive new user participation and market activity. This launch of RLUSD and the concentrated release of incentive resources demonstrates Gate.io's strategic direction of continuously improving its stablecoin trading ecosystem and enhancing multi-asset liquidity and trading efficiency. In the future, Gate.io will expand its partnerships with more high-quality assets and ecosystem partners, driving the continuous evolution of digital asset market infrastructure.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
A whale deposited 5.5 million USDC into HyperLiquid and opened long positions of 120,000 HYPE and 6,193 ZEC.
PANews Newsflash