Gate has listed RLUSD, offering four trading pairs and a range of incentives.
Odaily Planet Daily reports that the cryptocurrency exchange Gate.cn announced the launch of Ripple's USD stablecoin RLUSD on June 15th at 17:00 (UTC+8), 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 reserve ratio, with monthly reserve audit reports enhancing transparency and compliance. 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 stablecoins. To coincide with the launch, Gate.cn is also launching a market incentive program totaling 750,000 RLUSD, encompassing CandyDrop trading incentives, VIP-exclusive airdrops, withdrawal fee waivers, and KOL promotion, aiming to guide real trading demand, increase market depth, and drive new user participation and market activity. The launch of RLUSD and the release of incentive resources demonstrate Gate's strategic direction of continuously improving the stablecoin trading ecosystem and enhancing multi-asset liquidity and trading efficiency. In the future, Gate will expand its partnerships with more high-quality assets and ecosystem partners, driving the continuous evolution of digital asset market infrastructure.