Bullish, an institutional cryptocurrency exchange backed by Peter Thiel, has officially added the Ripple USD (RLUSD) stablecoin, the newspaper reported on Tuesday. advertisement.

Exchange users will not be able to trade a total of seven markets using the upcoming stablecoin. These markets include RLUSD/USDC, BTC/RLUSD, XRP/RLUSD, ETH/RLUSD, USD/RLUSD, EUR/RLUSD, and SOL/RLUSD.

like Reported by U. Todaythe much-talked-about stablecoin was officially launched on December 17 after initially being announced in April. Ripple made the stablecoin available to the general public shortly after receiving crucial regulatory approval from the New York State Department of Financial Services (NYDFS).

Earlier today, the stablecoin was also listed by an independent exchange in Singapore.

Before that, the stablecoin also secured listings on trading platforms such as Bitso and Uphold.

According to data provided by CoinGecko, the market cap of RLUSD currently stands at $72.8 million, making it currently the 691st largest cryptocurrency by market capitalization. Over the past 24 hours, it generated a relatively modest trading volume of $2.7 million.

Over the past 24 hours, Ripple has minted nearly 1.5 million additional RLUSD tokens, according to data provided by the Ripple Stablecoin Tracker account.