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Gate Launches RLUSD, Introduces Four Trading Pairs, and Offers Multiple Incentives
Svmuu News: The cryptocurrency exchange Gate has announced that it will list RLUSD, the U.S. dollar-pegged stablecoin launched by Ripple, on June 15 at 17:00 (UTC+8), and will simultaneously open trading for the BTC/RLUSD, ETH/RLUSD, XRP/RLUSD, and RLUSD/USDT trading pairs. RLUSD is fully backed 1:1 by U.S. dollar deposits, short-term U.S. Treasury bills, and other cash equivalents, with transparency and compliance enhanced through monthly reserve audit reports. Designed specifically for payment use cases, this stablecoin aims to meet the growing demand from users, developers, and institutions for a stablecoin that is transparent, interoperable, and capable of real-world applications. To celebrate the launch, Gate is simultaneously launching a market incentive program totaling 750,000 RLUSD. This program includes multiple initiatives such as CandyDrop trading incentives, VIP-exclusive airdrops, withdrawal fee waivers, and KOL promotions, all aimed at driving genuine trading demand, enhancing trading depth, and boosting new user participation and market activity. The launch of RLUSD and the concentrated release of incentive resources reflect Gate’s strategic direction to continuously improve the stablecoin trading ecosystem and enhance multi-asset liquidity and trading efficiency. In the future, Gate will build upon its existing foundation to expand partnerships with more high-quality assets and ecosystems, driving the continuous evolution of digital asset market infrastructure.
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