Bitget Lists Ripple USD (RLUSD) to Expand Stablecoin Offerings on Spot Market
VICTORIA, Seychelles, May 29, 2025 (GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of Ripple USD (RLUSD) on its spot trading platform. RLUSD, an enterprise-grade USD-backed stablecoin issued by Ripple, enters the Bitget ecosystem at a time when demand for secure and compliant digital assets continues to rise, particularly among institutional participants and developers focused on enterprise-grade blockchain use cases.
As a stablecoin pegged 1:1 to the U.S. dollar, RLUSD is natively issued on both the XRP Ledger (XRPL) and Ethereum, leveraging the unique strengths of each blockchain. The asset is backed by a segregated reserve held in USD fiat and cash equivalents. Bitget's decision to list RLUSD aligns with its strategy to support strong, high utility-driven assets across its growing spot market, which serves as a curated space for projects that advance blockchain adoption through real-world applications.
'We're excited to partner with Ripple, a team that has consistently pushed forward the adoption of crypto,' said Gracy Chen, CEO of Bitget. 'RLUSD stands out as one of the few stablecoins issued by a NYDFS-chartered limited purpose trust company, placing it in a uniquely clear regulatory framework. This is particularly important for institutions seeking transparency and compliance in today's evolving digital asset landscape. Listing RLUSD also aligns with our 2025 strategy to expand institutional offerings and build a more robust, trusted ecosystem.'
The RLUSD listing on Bitget expanded access and offered a trusted trading venue for one of the industry's most closely monitored digital assets.
Bitget continues to scale its listings to support the increasing demand of the crypto market. The integration of RLUSD responds to the ongoing wave of stablecoins gaining popularity as critical tools in decentralized finance (DeFi), gaming, and tokenized asset ecosystems.
With an extensive selection of over 900 crypto pairs and a commitment to broadening its offerings, Bitget connects users to various ecosystems, including Bitcoin, Ethereum, Solana, Base, and TON. The addition of RLUSD signals a strategic move to embrace regulated stablecoins's becoming a gateway to trade innovative crypto projects.
To know more about RLUSD on Bitget please visit here.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
About Ripple
Ripple is the leading provider of digital asset infrastructure for financial institutions and other enterprises—delivering simple, compliant, reliable software that unlocks efficiencies, reduces friction, and enhances innovation in global finance. Ripple's solutions leverage the XRP Ledger and its native digital asset, XRP, which was purpose-built to enable fast, low-cost, highly scalable transactions across developer and financial use cases. With a proven track record of working with regulators and policymakers around the world, Ripple's payments, custody and stablecoin solutions are pioneering the digital asset economy—building credibility and trust in enterprise blockchain. Together with customers, partners and the developer community, we are transforming the way the world creates, stores, manages and moves value.
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CTV News
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'It's an opportunity to sell our natural gas down fiber lines instead of pipelines we can't get built.' 'You're going to take the natural gas, you're going to convert it into electricity, you're going to utilize that electricity to have (computing power), and you're selling your gas on site.' The grid The digital asset industry requires vast amounts of electricity to operate, something that has led other jurisdictions to put limits on it over grid capacity and affordability concerns. In 2021, China put in a ban on cryptocurrency mining over environmental, financial and consumer protection concerns. Russia has also banned the practice in energy-scare regions. Both B.C. and Manitoba paused new connections for crypto mines in 2022 over questions around the economic return of the energy-intensive practice, and New Brunswick followed the next year. Fikowski said power-grid concerns in other jurisdictions are negated by Alberta's stranded gas assets, which companies can use to produce the electricity they need. In times when the grid is under strain, he added, those companies could even help boost supply. 'They're generating power for their own use,' he said, 'but they'll have a certain percentage of flexibility where it's really an economic decision to sell power to the grid … it will be a benefit to the whole province, because it will be, 'Oh, prices are going up. Here's supply.'' Fikowski said it makes more financial sense for companies to create their own electricity, but the province said they don't have to. 'AI and cryptocurrency data centres can purchase power from Alberta's electricity grid,' Glubish's office said in a statement. 'However, due to their substantial power demands, these centres must undergo a formal connection process managed by the Alberta Electric System Operator (AESO).' The current digital asset proposals on Major Projects Alberta would take the industry from its current electrical load of about 140 MW to upwards of 13 GW in the next decade. The province maintains the grid will be able to handle the influx, despite there being no current limit on how much power a data centre could buy from the existing grid. According to the province, data centres are assessed by the AESO to ensure they don't strain existing infrastructure or grid stability. Large consumers, like data centres, are also required to pay for grid maintenance or needed infrastructure upgrades. Glubish's office did not specify how the AESO or province would prevent increased electricity demands from raising prices for consumers. 'Alberta will evaluate both off-grid and grid-connected power solutions that avoid compromising the affordability and reliability of electricity for Albertans and local industries,' his office said. 'Alberta's government is currently developing a Blockchain Roadmap to provide a path forward to support the further growth and development of the blockchain and crypto sectors.' 'The cart before the horse' Nathan Ip, Alberta NDP shadow minister for technology and innovation, supports expanding the digital asset industry, but said the province should have already had robust plans in place before it started pitching investors. '(These technologies are) very much the wave of the future …. And I think that presents an opportunity for Alberta to position itself as a leader,' Ip said. 'There's a way to do it, and what we've seen from this government, unfortunately, is that there doesn't seem to be a plan there.' Ip said there hasn't been clear communication from the United Conservative Party government on how the industry will fit into Alberta's energy landscape in terms of the vast electricity and infrastructure needs. Kara Westerlund, Rural Municipalities of Alberta (RMA) president, agrees. 'We're excited and we want to support innovation, but we also need some clear rules,' Westerlund said. 'We know the industry is growing fairly rapidly right now, but it's moving a little bit quicker than policy … there's no comprehensive framework guiding what these developments are going to look like.' Westerlund said noise has been a big concern in some municipalities, as have questions around sustainable development and land use. '(These companies are) competing with oil and gas, agricultural operations, wildlife habitats and residential zoning, too,' she said. Jason Unger, a lawyer with the Environmental Law Centre, explained that the use of gas- or diesel-powered generators to power crypto mines on leased land have already caused issues. In Rocky View County, a landowner spent years in court after an oil and gas company set up an unauthorized crypto mine on leased land, which the landowner said was noisy and violated the terms of the lease agreement. 'Certain industry players have taken advantage of the Alberta system a little bit in terms of setting up shops and setting up gas-powered generators and piggybacking on old gas leases,' Unger said. 'It's kind of an evolving area,' he added. 'The challenge is in this interim period, it's kind of left to the landowner to deal with in a way where if it was properly planned and regulated from the front end, then you wouldn't have to have the landowner fighting.' Ip claims consultation has also been lacking, as in the case with Sturgeon Lake Cree Nation, which sent an open letter to the premier in January asking the province to halt plans for the Wonder Valley AI centre over water and land concerns. 'Chief Sunshine has come out to say, 'We haven't heard from the government about this at all,'' Ip said. 'This is a perfect example of how this government typically operates, which is, we're going to put the cart before the horse. 'We're going to announce something and figure it out later, and that isn't going to work in this case. It's not going to position us as leaders.' The RMA would like a seat at the table as well, Westerlund added. 'We're in a very unique opportunity to become a leader in this type of sector, but we need to do it right,' she added. 'That means engaging with rural municipalities early and ensuring there's shared benefits in creating clear, enforceable rules that protect our communities.' Oversight Neither the Alberta Utilities Commission (AUC) nor the Alberta Energy Regulator could say how many crypto mines or data centres there were in Alberta, saying they do not oversee or regulate the industry. Glubish's office did not answer when asked how the province is keeping tabs on digital asset companies, but said industry data estimates there are close to 50, with more than half of those established in the last fix or six years. The province did say that data centres must apply to all provincial rules and regulations, including the Water Act, the Environmental Protection and Enhancement Act, as well as the Emissions Reduction Regulation where applicable. Unger said that 'mixed regulatory picture' could lead to problems. 'If the AUC authorizes a power plant, that doesn't mean it's authorizing the development permit of a Bitcoin mining operation,' Unger said. 'It doesn't necessarily mean the water use or the other requirements of the mining operation, separate from the power plant, are somehow included in that.' '(Companies are) kind of playing in this area where they should be getting all the regulatory approvals from the various jurisdictions and agencies, and yet that doesn't necessarily happen as it should,' he added. Unger would like to see more clarity around the 'suite' of regulatory approvals required by companies, as well as more enforcement from the province. 'The overall regulatory framework, I think, needs to be emphasized and clarified,' he said. Particularly for the rights of landowners and protection of their property rights." The province said it will 'always put the well-being of Albertans first' and that it has developed a concierge program to help streamline the regulatory process for data centres and crypto mining companies. 'While there is no explicit regulatory framework for the digital asset industry in Alberta, there are specific legislative and regulatory requirements for electricity generation for on-site consumption,' the province said. 'Ultimately, all proposed and existing operations, including those in the blockchain, crypto and data centre space, are required to be in compliance with rules set out by Alberta's regulators, including the AUC.' According to global management firm McKinsey and Company, the AI boom could more than triple global demand for data centre capacity by 2030. It makes sense Alberta wants to be a part of that and cash in on natural gas assets that can't always find their way to market via pipeline. 'It would be a missed opportunity if we governments weren't prepared or weren't positioned to be able to tackle this way for the future, so I don't think there's misalignment there.' 'I think the question is, how do we do it?' With files from the Canadian Press
