Upbit, the main South Korean cryptocurrency change, has introduced the itemizing of Ripple’s extremely regulated RLUSD stablecoin.
The buying and selling big, which boasts a 70% share of the South Korean market, has launched three pairs with RLUSD (RLUSD/KRW, RLUSD/BTC, and RLUSD/USDT).
RLUSD has been added to some main buying and selling platforms since its much-hyped launch in December 2024. Different notable listings embody OKX in April 2026, Kraken in April 2025, and Bitstamp in January 2025.
Ripple’s RLUSD Listed by South Korea’s Largest Alternate
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CoinGecko information reveals that buying and selling exercise stays primarily targeting a handful of exchanges.
In response to CoinGecko, Bullish is the most important venue for RLUSD buying and selling, accounting for roughly 52% of complete spot quantity by way of its XRP/RLUSD, RLUSD/USDC, ETH/RLUSD, and BTC/RLUSD markets.
Binance is the second-largest change, with the RLUSD/USDT pair accounting for roughly 16% of worldwide RLUSD buying and selling quantity.
Total, the XRP/RLUSD pair on Bullish is the only largest RLUSD market by quantity. It’s adopted by Binance’s RLUSD/USDT pair, Bullish’s RLUSD/USDC market, First Ledger’s RLUSD/XRP pool, and Sologenic’s XRP/RLUSD pair.
XRP’s dominance in South Korea
The newest RLUSD itemizing is especially notable as a result of South Korea has constantly been one of many strongest (if not the strongest markets) for the XRP token.
Korean exchanges are closely pushed by altcoins, and XRP has turn into the darling of native merchants after initially gaining adoption on the native exchanges through the 2017-2018 bull market.
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Korean exchanges primarily supply KRW-denominated spot markets as a substitute of stablecoin pairs, so retail traders are likely to commerce immediately in opposition to the Korean received. This makes XRP/KRW one of many deepest and most liquid XRP markets on the earth.
On Upbit, XRP/KRW was the change’s most-traded market, forward of BTC/KRW in 2025.
Durations when XRP dominates Korean buying and selling coincide with huge volatility.