Pairs

Major crypto trading platform Bitget, headquartered in Hong Kong, has announced that it has rolled out new pairs with the Ripple USD (RLUSD) stablecoin after adding support for this recently launched Ripple product approximately a week ago.

You Might Also Like

As reported by U.Today, the initial listing of the new dollar-pegged stablecoin took place on May 29. On that day, the platform launched the following trading pairs based on Ripple’s new product: RLUSD/USDT and RLUSD/USDC — Ripple’s stablecoin versus those minted by Tether and Circle.

Now, Bitget has announced that new pairs have gone live for traders: BTC/RLUSD, ETH/RLUSD and XRP/RLUSD.

According to CoinMarketCap, RLUSD, which was launched in December 2024, currently boasts a market capitalization size of $369.68 million and sits in 205th place, according to CoinMarketCap.

The total supply of the stablecoin, according to the same source, stands at 369.74 million RLUSD.

You Might Also Like

This total supply of the stablecoin so far seems to satisfy its users’ needs since Ripple Labs has not performed any RLUSD-related activity since May 14. On that day, Ripple Treasury burned almost 4,000,000 stablecoins. As for the last time Ripple minted any new RLUSD, it happened on April 25, when 38,000,000 RLUSD were issued and 15,000,000 RLUSD were burned by the same entity.

Source link

Next week, OKX will remove 11 spot trading pairs from its platform. While most of the names will not be surprising, one stands out: USDT/USDC.

Along with some lesser-known tokens, such as ZERO, PRQ, IQ, ARTY and SAMO, the pair that acts as a stablecoin-to-stablecoin ramp for many users will also be taken offline. According to the platform, the decision is part of its regular review process to maintain healthy trading markets. However, no further explanation was given.

You Might Also Like

It is unclear whether this is due to low volume, adjusting priorities, or something related to OKX’s entry into the U.S. market, the timing of which is hard to ignore. The exchange is in the middle of a major U.S. rollout, having secured licenses in 47 states and opened a new headquarters in San Jose.

Earlier this month, OKX brought in Roshan Robert, a former Barclays and Hidden Road executive, to lead the charge in the region.

What’s next?

Any open orders on affected pairs that are not closed manually will be canceled automatically during the delisting window. Users can still find their assets under the “Untradable” section after that.

You Might Also Like

Behind the scenes, reserve balances are adjusting as well. In its latest proof-of-reserves report (based on a snapshot taken on April 7), OKX showed a 3.62% drop in USDT holdings — a decrease of nearly $295 million — and an even stronger 8.04% decrease in USDC, losing over $100 million. This may or may not be connected, but the pattern is there.

For now, users are left to watch a key stablecoin pair disappear from the platform with few details explaining why. They are also left to wonder if this is a technical cleanup or part of something bigger as OKX realigns its U.S. strategy.

Source link

New RLUSD Pairs Listed by Major Exchange: Details

OKX Announces Mega Delisting of 11 Pairs, USDT/USDC Affected

What’s next?