Ripple Opens Korean Market Access as RLUSD Debuts on Coinone Platform
The expansion of RLUSD reflects Ripple’s continued push to broaden stablecoin access across regulated global markets. Ripple shared on April 1 that its dollar-pegged stablecoin is now available on Coinone, one of South Korea’s largest exchanges, enabling Korean traders to access the asset directly in KRW markets.
Ripple stated on social media platform X:
The company highlighted that the listing strengthens regional access while maintaining its broader international payments strategy. The update reflects Ripple’s effort to position RLUSD within regulated trading environments across key markets.
RLUSD Adoption Grows as Market Cap and Liquidity Use Cases Expand
Coinone announced on March 24 that it added Ripple USD (RLUSD) to its KRW market. The exchange introduced trading support alongside key parameters, including a reference price of 1,486 won and integration with the XRP Ledger network. It outlined asset details, reserve structure, and usage within Ripple’s ecosystem, while emphasizing compliance standards and user protection requirements.
RLUSD is designed as a fully reserved stablecoin backed by liquid financial instruments such as cash deposits, U.S. Treasury bonds, and government money market funds. The token maintains a 1:1 peg with the U.S. dollar and supports use cases across payments, remittances, and liquidity flows within Ripple’s infrastructure. As of this writing, RLUSD has a market cap of over $1.3 billion, reflecting growing adoption. Coinone also introduced a zero-fee trading policy for RLUSD, applying to transactions across its platforms, while excluding certain automated or third-party integrated trades.
FAQ 🧭
- What does Ripple’s RLUSD listing on Coinone mean for investors?
It expands RLUSD’s accessibility in a regulated Asian market, potentially increasing liquidity, adoption, and cross-border payment utility. - How is RLUSD backed and why does it matter?
RLUSD is fully reserved with cash and U.S. Treasuries, offering stability and transparency that may appeal to institutional and risk-conscious investors. - Why is South Korea important for Ripple’s stablecoin strategy?
South Korea is a major crypto market with strong retail participation, making it a key region for scaling regulated stablecoin usage. - How could RLUSD impact Ripple’s broader ecosystem growth?
Increased RLUSD adoption may strengthen Ripple’s payments network, boost XRP Ledger activity, and enhance enterprise liquidity solutions.
Source: https://news.bitcoin.com/ripple-expands-rlusd-access-in-south-korea-with-coinone-listing/
