Coinone Lists RLUSD, Bringing Ripple Stablecoin to South Korea

Ripple has expanded the reach of its RLUSD stablecoin through a new listing on South Korean exchange Coinone, giving local users direct access to RLUSD trading in Korean won. The move places Ripple’s dollar-pegged stablecoin in one of Asia’s most active digital asset markets, where XRP already records strong trading activity. 

The update arrived as Ripple also rolled out native on-chain capabilities in Ripple Treasury, allowing enterprise users to manage fiat and crypto assets, including XRP and RLUSD, from one dashboard.

XRP News: Coinone Opens KRW Access for RLUSD

Coinone listed RLUSD on Wednesday, marking the first known listing of Ripple’s stablecoin on a South Korean crypto exchange. The listing allows traders to buy, sell, and hold RLUSD directly against the Korean won, removing the need to use U.S. dollar pairs or other intermediaries. The launch gives Korean users local access to Ripple’s fully reserved stablecoin while extending RLUSD’s international reach.

The South Korean market remains important for Ripple because local exchanges often post strong XRP volumes. Retail participation in the country is deep, and XRP has regularly ranked among the most traded assets on platforms such as Upbit and Bithumb. Coinone gives Ripple a direct entry point into daily trading flows in a regulated market where XRP already has an established user base.

In other XRP news, Ripple announced a treasury product update that brings native on-chain functionality into Ripple Treasury. The platform now includes Digital Asset Accounts and Unified Treasury, tools designed to let finance teams view, hold, receive, and manage both cash and crypto assets in one interface. The crypto balances supported in the new structure include XRP and RLUSD.

Ripple said the update gives chief financial officers and treasury teams a way to manage digital assets within the same operating environment used for traditional liquidity. The system includes real-time valuation, automated transaction recording, direct API connectivity, and a single dashboard for cash and crypto positions. Ripple added that some customers were already testing the service before the broader release, showing early enterprise interest in combined treasury management.

South Korea Remains Central to Ripple’s Strategy

The Coinone listing fits into Ripple’s wider activity in South Korea and nearby markets. Ripple has already built ties in the region through work linked to custody, payments, and blockchain-based settlement. Earlier reports also cited research on XRP Ledger use cases for remittances and payments in Japan and South Korea.

South Korea offers a useful market for that strategy because it combines retail demand with high digital asset awareness. XRP trading has stayed active on Korean exchanges for years, and stablecoins can add another layer of utility by supporting local on-ramps, off-ramps, and payment flows. RLUSD’s launch on Coinone gives Ripple a new channel to test adoption in a market where both liquidity and user engagement are already strong.

RLUSD Growth Extends Beyond Exchange Listings

Ripple’s latest steps come during a period of rapid RLUSD growth. Recent data cited by market sources placed the stablecoin’s market cap above $1.2 billion, with trading activity rising sharply over the past 24 hours. RLUSD has also appeared on several major global exchanges, including Binance, Bybit, Kraken, Bitstamp, and Bitget, showing broader distribution beyond Ripple’s own network.

The company has also continued to connect RLUSD to payment and enterprise products. Ripple recently joined Singapore’s MAS BLOOM initiative to test stablecoin use cases, while Ripple Treasury now supports digital asset balances directly within treasury operations.