RLUSD Listed on Bitget as Saudi Prince Backs Ripple with $121M XRP Investment
RLUSD, Ripple's stablecoin, has achieved a significant milestone with its listing on Bitget, a major cryptocurrency exchange boasting a $711 billion trading volume. This development coincides with a substantial $121 million investment in VivoPower's XRP treasury strategy, led by Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud, signaling strong institutional confidence in Ripple's ecosystem.
RLUSD Gains Momentum with Bitget Listing
RLUSD was officially listed on Bitget on May 29, 2025, enabling trading in both Innovation and Web3 zones with USDT trading pairs. This marks RLUSD's fourth centralized exchange listing in 2025, underscoring its rapid expansion. Gracy Chen, CEO of Bitget, highlighted RLUSD's unique regulatory clarity as a stablecoin issued by a NYDFS-chartered limited purpose trust company.
- RLUSD's market capitalization currently stands at $309 million, with a 61% increase in trading volume.
- It is now the 12th largest stablecoin by market cap.
- Ripple CEO Brad Garlinghouse has previously stated that RLUSD is primarily aimed at enterprise use.
Saudi Prince Backs XRP with Significant Investment
Prince Abdulaziz bin Turki Abdulaziz Al Saud spearheaded a $121 million private placement in VivoPower, establishing the first publicly traded XRP-focused treasury strategy. The Prince committed $100 million, representing 80% of the total funding, specifically for XRP accumulation. This investment underscores growing institutional belief in Ripple's long-term potential.
- Prince Abdulaziz stated, "We have been investors in the digital asset sector for a decade and have been long-term holders of XRP."
- He emphasized VivoPower's strategic focus on XRP and its objective to contribute to the XRPL ecosystem.
- The Prince also noted the opportune timing for digital assets and blockchain technology rollout in Saudi Arabia.
Former Ripple Executive Strengthens XRP Strategy
Adam Traidman, a former Ripple board member and SBI Ripple Asia CEO, has joined VivoPower as Chairman of the Board of Advisors. His involvement adds significant credibility and industry expertise to VivoPower's XRP Ledger development strategy, signaling strong confidence in Ripple's long-term vision.
- Traidman commented on the strength and adaptability of the XRPL ecosystem.
- He views VivoPower's initiative as a "forward-thinking move that reflects growing institutional conviction in real-world blockchain applications."
- Kevin Chin, VivoPower Executive Chairman, expressed privilege in having Prince Abdulaziz lead this transformative capital raising.
A Pivotal Moment for Ripple's Ecosystem
The combination of RLUSD's listing on Bitget and the substantial institutional backing from Saudi Arabia through VivoPower marks a pivotal moment for Ripple's ecosystem. These developments are expected to accelerate RLUSD's adoption and demonstrate XRP's increasing acceptance among traditional investors. The XRP Ledger ecosystem continues to expand as more institutions recognize its potential for cross-border payments and decentralized finance applications.
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