Binance has completed its integration of Ripple USD (RLUSD) on the XRP Ledger network, opening deposits for the stablecoin on the platform, according to a Thursday announcement.

The exchange said withdrawals will become available once sufficient liquidity has been established. Users can now access deposit addresses through their wallets on the platform.

RLUSD is a dollar-pegged digital asset issued by Ripple Labs, designed to maintain a one-to-one value with the US dollar. The stablecoin operates natively on the XRP Ledger and the Ethereum blockchain, providing a regulated, multi-chain solution for institutional payments and decentralized finance.

The listing expands access to RLUSD, which launched in late 2024 as Ripple’s entry into the stablecoin market. The asset competes with established players including Tether’s USDT and Circle’s USDC, which together account for over $250 billion in market capitalization.

RLUSD’s market capitalization has exceeded $1.5 billion since its 2024 launch, per CoinGecko.