Bitget is intensifying its focus on digital currencies by incorporating Ripple’s newly launched USD-backed stablecoin, RLUSD, into its spot trading platform, positioning itself as a frontrunner in the market according to a post from May 29 on X.
RLUSD is now active on #BitgetSpot!
To celebrate the launch, we are giving away 500 RLUSD
Follow @bitgetglobal & @ripple
Retweet with #RLUSDlistBitget
Complete this form: https://t.co/XP8idwjOAo
10 winners will receive 50 RLUSD each. Let’s go! https://t.co/5DedljQwOi
— Bitget (@bitgetglobal) May 29, 2025
The inclusion of RLUSD in Bitget’s offerings reflects a rising demand for regulated, utility-driven digital assets, especially from institutional participants navigating a market increasingly focused on compliance.
RLUSD: A Stablecoin with Institutional Characteristics
As highlighted by Bitget, RLUSD is more than just a standard dollar-pegged token; it is a regulated stablecoin engineered for enterprise-level functions.
Launched by Ripple, RLUSD is pegged at a 1:1 ratio with the U.S. dollar and is supported by a segregated reserve comprised of USD fiat and cash equivalents. Its distinct feature lies in its native issuance on both the XRP Ledger (XRPL) and Ethereum, harnessing the strengths and interoperability of these significant blockchain networks.
“RLUSD is among the few stablecoins issued by a New York Department of Financial Services (NYDFS)-chartered limited purpose trust company, positioning it within a distinctly clear regulatory framework,” stated Gracy Chen, CEO of Bitget.
This regulatory clarity is vital for institutions that prioritize transparency and risk mitigation, making RLUSD an ideal match for Bitget’s broader strategy to enhance secure and compliant trading alternatives.
Bitget Targets Institutional Expansion in 2025
According to Bitget, its strategy for 2025 is clear: to expand institutional offerings and enhance integration. The listing of RLUSD serves as a strategic move in that direction, granting both institutional and retail traders access to a stablecoin that boasts strong compliance credentials.
“We are thrilled to collaborate with Ripple, a team dedicated to advancing cryptocurrency adoption,” remarked Chen. “This listing plays a pivotal role in fostering a more robust and trusted ecosystem.”
Bitget Wallet Introduces ‘Shop with Crypto’
In May, Bitget’s non-custodial wallet also unveiled a new feature called ‘Shop with Crypto,’ an innovative in-app marketplace that enables users to spend cryptocurrencies directly on a range of goods and services.
According to their announcement, the company’s PayFi (Payment Finance) feature will include enhancements such as Pay Direct, Scan to Pay, and Tap to Pay. The team asserts that these improvements will boost both cryptocurrency adoption and payment efficiency by allowing crypto-native transactions directly from the wallet, unlike services that convert crypto into fiat.
Furthermore, the newly launched in-app shop will provide access to over 300 international brands, featuring options such as digital wallet top-ups, mobile recharges, e-commerce gift cards, as well as services in gaming, entertainment, and travel.
The post Bitget Lists Ripple’s RLUSD, Igniting the Race for Regulated Stablecoins appeared first on Finance Newso.
