03.04.2026 00:26
Ripple has broadened the reach of its dollar‑pegged stablecoin, RLUSD, by securing a listing on Coinone, one of South Korea’s premier cryptocurrency exchanges. The announcement, made on April 1 via the company’s X account, emphasized that Korean traders can now purchase and trade RLUSD directly in the local KRW market, marking a strategic push into a highly regulated Asian environment.
According to internet sources, the integration was preceded by Coinone’s March 24 notice, which confirmed the addition of RLUSD to its order book with an initial reference price of 1,486 won. The exchange also highlighted seamless connectivity to the XRP Ledger, detailed the token’s reserve composition, and underscored compliance with strict user‑protection standards.
RLUSD distinguishes itself as a fully reserved stablecoin, maintaining a one‑to‑one peg with the U.S. dollar through backing assets such as cash deposits, U.S. Treasury securities, and government money‑market funds. This robust collateral framework supports a variety of use cases—including cross‑border payments, remittances, and liquidity provisioning—within Ripple’s broader payments ecosystem. At the time of writing, the token’s market capitalization exceeds $1.3 billion, reflecting accelerating adoption across multiple jurisdictions.
Coinone has further sweetened the offering by instituting a zero‑fee trading policy for RLUSD transactions on its platforms, aside from a narrow set of automated or third‑party‑mediated trades. This move aims to lower entry barriers for local investors while preserving the exchange’s revenue model elsewhere.
For investors, the Coinone listing translates into heightened accessibility to a regulated, enterprise‑grade stablecoin within a major Asian market. By aligning RLUSD with local fiat infrastructure, Ripple reinforces its global payment strategy and signals confidence in the stability and scalability of its token across diverse regulatory landscapes.
