Significant Update on Ripple (XRP) Pertaining to Binance

Ripple has recently declared that its dollar-backed stablecoin, RLUSD, will be listed for spot trading on Binance, the world's leading cryptocurrency exchange. The listing includes support for Ethereum, and trading pairs available on launch day are XRP/RLUSD and RLUSD/USDT. Other features of the listing include spot trading support for the stablecoin, eligibility for portfolio margin, and an impending inclusion in Binance Earn. This is expected to enhance RLUSD's overall utility for leveraged trading and strengthen its position as a stablecoin in the growing crypto market. Despite its total market capitalization of $1.4 billion lagging behind market leaders USDT and USDC, RLUSD is showing steady growth. Furthermore, Binance joins the expanding list of Ripple's partners, which includes financial giant MasterCard and Gemini.