LMAX Digital Lists Ripple USD

LMAX Digital says it has added the stablecoin Ripple USD to its list of trading instruments on the platform, a move it says represents a “key milestone” in the push for institutional adoption of stablecoins.

Ripple says the stablecoin is fully-regulated and backed 1:1 by US dollar deposits, short-term government bonds, and cash equivalents. The move comes at a good time for the firm, just days after the US Securities & Exchange Commission formally announced it was dropping regulatory action against the firm.

LMAX Digital says as the demand for transparent and compliant stablecoins continues to grow, Ripple USD (RLUSD) is positioned as an asset of real utility within the evolving digital economy. LMAX Digital has supported XRP trading since 2018.

“The introduction of this fully regulated, USD-backed stablecoin aligns with our commitment to provide institutional clients with secure and transparent market access to the most liquid digital assets,” says Chris Knight, managing director at LMAX Digital. “As greater regulatory clarity emerges for stablecoins, so we expect them to play an increasingly significant role in the digital asset ecosystem with growing financial use cases.

“LMAX Digital remains at the forefront of fostering institutional participation in the digital assets market, providing global distribution and consistent and precise execution through seamless trading solutions and infrastructure,” he adds.

LMAX says Ripple’s RLUSD represents a key milestone in the institutional adoption of stablecoins, offering a trusted alternative for payments, trading, and on-chain liquidity management. By supporting RLUSD at launch, it says LMAX Digital continues to reinforce its role in bridging the gap between traditional finance (TradFi) and decentralised finance (DeFi).