Ripple Expands Access to RLUSD on 4 Largest South Korean Exchanges

cryptonews.ruPublicado em 2026-07-31Última atualização em 2026-07-31

Resumo

Ripple's stablecoin RLUSD has expanded its presence by securing listings on the four largest cryptocurrency exchanges in South Korea. Upbit and Bithumb recently completed the expansion, joining Coinone and Korbit, which had listed the stablecoin earlier. This provides RLUSD with the broadest access to one of the world's most active digital asset markets, allowing traders to access it directly against the Korean Won (KRW), Bitcoin (BTC), and Tether (USDT). Ripple's senior vice president for stablecoins highlighted the move, noting it offers regulated, fully-reserved access for institutional and retail investors. Beyond exchange listings, Ripple is promoting RLUSD for use in payments and institutional settlements. The stablecoin is backed by a reserve of cash deposits, U.S. Treasury securities, and other cash equivalents, with monthly attestations. RLUSD is available on multiple blockchains, including the XRP Ledger, Ethereum, and several EVM-compatible networks.

The stablecoin $RLUSD is now listed on the four largest cryptocurrency exchanges in South Korea, providing Ripple's stablecoin with the broadest access in one of the world's most active digital asset markets. Coinone and Korbit paved the way earlier, with Upbit and Bithumb completing the expansion, making $RLUSD available to a much wider range of won-based traders.

On July 30, Jack McDonald, Ripple's Senior Vice President of Stablecoins and CEO of Standard Custody, highlighted the expansion of $RLUSD's presence on leading Korean exchanges on X:

"$RLUSD is now live on the four largest Korean exchanges. Upbit and Bithumb — Korea's two largest licensed exchanges — have added direct $RLUSD trading, joining Coinone and Korbit. Regulated, fully reserved access for institutional and retail investors, directly in Korean Won. Onwards!"

This post from the Ripple executive on X was in response to Upbit's $RLUSD announcement published on July 27, which stated that trading would open on markets in Korean Won, BTC, and USDT. The listing provided traders with multiple ways to access $RLUSD and brought the stablecoin to South Korea's largest cryptocurrency exchange.

Bithumb Completes Listing on Four Largest Exchanges

On July 29, Bithumb became the fourth of South Korea's largest cryptocurrency exchanges to list $RLUSD, opening a direct won market and providing support for deposits and withdrawals exclusively via the $XRP Ledger.

On March 23, Coinone announced the opening of the $RLUSD/KRW market, and Korbit also supported this stablecoin before Upbit and Bithumb expanded $RLUSD's presence on South Korea's two largest crypto exchanges. The listing on Coinone gave $RLUSD an early presence in the South Korean won-pegged stablecoin market.

Ripple Expands $RLUSD Use Beyond Exchange Listings

The implementation in South Korea is part of broader efforts to enable the use of $RLUSD in trading, payments, and institutional settlements. According to Ripple's overview of $RLUSD, the stablecoin's reserves include cash deposits, short-term U.S. Treasury securities, government money market funds, repurchase agreements, and other cash equivalents held in segregated accounts, with monthly attestations ensuring redemption at a rate of $1 for eligible customers.

Ripple has also built operational infrastructure based on this reserve model. The Ripple Mint platform allows approved institutions to mint and redeem $RLUSD via a web console or integrate these features directly into internal systems using APIs and webhooks. Clients can monitor balances and transaction status, receive real-time updates as mint and redeem operations are processed, and choose supported fiat or crypto payout destinations. BNY acts as the primary custodian for the stablecoin's reserves and provides transactional banking services enabling the movement of reserve assets and cash related to conversions.

The company has also expanded $RLUSD reach across blockchain networks and major exchanges. Initially launched on the $XRP Ledger and Ethereum, $RLUSD has extended its presence to the XRPL EVM Sidechain, Base, Optimism, Ink, and Unichain, spreading its use to exchanges, decentralized finance protocols, payment applications, and other on-chain services.

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Perguntas relacionadas

QWhat is the significance of Ripple's $RLUSD being listed on the four major South Korean exchanges?

AThe listing of $RLUSD on the four largest crypto exchanges in South Korea (Upbit, Bithumb, Coinone, and Korbit) provides the stablecoin with its widest access in one of the world's most active digital asset markets. This significantly expands availability to a broader range of KRW traders, enhancing its liquidity and institutional and retail adoption.

QAccording to Ripple's summary, what assets back the $RLUSD stablecoin reserves?

AThe reserves for the $RLUSD stablecoin include cash deposits, short-term U.S. Treasury securities, government money market funds, repurchase agreements, and other cash equivalents held in segregated accounts.

QWhich blockchain networks was $RLUSD initially launched on, and which additional ones has it expanded to?

A$RLUSD was initially launched on the XRP Ledger and Ethereum. It has since expanded its presence to the XRPL EVM Sidechain, Base, Optimism, Ink, and Unichain.

QHow does Bithumb specifically support the $RLUSD stablecoin for its users?

ABithumb supports $RLUSD by opening a direct KRW trading market for it and enabling deposits and withdrawals exclusively via the XRP Ledger.

QWhat role does Ripple Mint play in the $RLUSD ecosystem?

ARipple Mint is a platform that allows approved institutions to mint and redeem $RLUSD through a web console or by integrating these functions directly into internal systems via APIs and webhooks. It enables clients to track balances and transaction statuses.

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