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Ripple said its dollar-pegged stablecoin RLUSD is now available on Coinone, one of South Korea’s largest regulated exchanges, giving Korean traders direct access to the asset in KRW markets. Ripple announced the update on April 1, stating that RLUSD is “now live on Coinone,” and described it as fully reserved and “enterprise-grade.”
Coinone previously announced on March 24 that it added Ripple USD (RLUSD) to its KRW market. The exchange said it introduced trading support with a reference price of 1,486 won and integration with the XRP Ledger network.
Coinone also outlined asset details, reserve structure, and how RLUSD is intended to be used within Ripple’s ecosystem, while emphasizing compliance standards and user protection requirements.
RLUSD is described as a fully reserved stablecoin backed by liquid financial instruments, including cash deposits, U.S. Treasury bonds, and government money market funds. The token is designed to maintain a 1:1 peg with the U.S. dollar and support 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.
Ripple said the listing strengthens regional access while aligning with its broader international payments strategy. The update reflects Ripple’s effort to position RLUSD within regulated trading environments across key markets.
Ripple also highlighted that it is integrating digital assets directly into treasury systems, pointing to a shift toward unified liquidity management where corporate finance teams can oversee XRP and RLUSD as part of core treasury operations.
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