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A leading exchange officially launches RLUSD stablecoin, supporting leveraged trading and multiple sectors
【ChainWen】On January 22, a leading exchange announced the full launch of the Ripple USD (RLUSD) stablecoin product from the same day. This move means users will have more stablecoin options, and RLUSD will soon support the platform’s flexible savings products, allowing users to purchase with fiat through channels such as Visa, MasterCard, Apple Pay, and others.
It is worth noting that the RLUSD redemption fee is completely free, and it will be integrated into the futures contract system, supporting both cross and isolated margin trading modes. Additionally, platform VIP users can enjoy lending services based on RLUSD.
In terms of trading, the RLUSD/USDT trading pair is scheduled to officially open leverage trading permissions at 18:00 on January 23 (Beijing time). Considering the volatility characteristics during the initial launch of the new currency, the platform specifically reminds traders to carefully manage their position risks and implement risk control measures such as stop-loss and take-profit.