- Ripple Treasury last minted 38M RLUSD on April 25; Ethereum handles most transactions despite dual-chain XRP Ledger compatibility.
- Gemini’s RLUSD listing may boost adoption in regulated markets, targeting users aged 18–34 who dominate crypto-native audiences.
Ripple’s dollar-pegged stablecoin, RLUSD, is now available for trading on Gemini, the U.S.-based cryptocurrency exchange founded by Tyler and Cameron Winklevoss. The listing, confirmed by Ripple’s Middle East & Africa managing director Reece Merrick on May 6, enables deposits and withdrawals of RLUSD on the platform. Gemini becomes the latest major exchange to support the stablecoin after Bullish, Bitstamp, and LMAX Digital.
.@Ripple‘s #RLUSD is now live on @Gemini
Deposits & withdrawals are enabled
pic.twitter.com/L0j32tZs3P
— Reece Merrick (@reece_merrick) May 6, 2025
RLUSD launched in December 2024 and operates on both the XRP Ledger and Ethereum blockchains. Data shows Ethereum has handled most transactions since its debut. The Gemini listing coincides with Ripple’s recent $25 million donation in RLUSD to U.S. education nonprofits DonorsChoose and Teach For America.
CEO Brad Garlinghouse stated the contribution aims to fund classroom projects and teacher support during Teacher Appreciation Week. Teach For America CEO Aneesh Sohoni confirmed the funds will expand tutoring programs and aid new educators.
Ripple Treasury last minted RLUSD on April 25, creating three batches totaling 38 million tokens. No new RLUSD has been issued since, according to onchain trackers. The pause contrasts with earlier activity, though Ripple has not clarified whether production will resume.
Gemini’s integration broadens RLUSD’s accessibility, particularly for U.S. users. Exchanges like Bullish and Bitstamp previously added the stablecoin, but Gemini’s regulatory compliance and brand recognition may accelerate adoption. Ripple’s dual focus on partnerships and philanthropy underscores its strategy to position RLUSD as both a utility token and a tool for social impact.
11,500,000 #RLUSD minted at RLUSD Treasury.https://t.co/xmPEORd37K
— Ripple Stablecoin Tracker (@RL_Tracker) April 25, 2025
The stablecoin’s traction remains tied to real-world use cases. While Ripple targets cross-border payments, its education donation demonstrates an effort to embed RLUSD in non-financial sectors. Garlinghouse emphasized hopes that corporate peers will follow Ripple’s lead in leveraging crypto for public initiatives.
XRP is trading around $2.11, with slight downward pressure in the past 24 hours. The recent price action suggests that XRP is struggling to maintain upward momentum and is currently testing a key support level. If the $2.10 mark fails to hold, the price could fall further toward $2.00 or even $1.85, which are considered next major support zones.
Technically, XRP is forming a descending triangle pattern—a bearish indicator that typically signals continuation of a downward trend. Additionally, there’s growing concern over a potential “death cross,” where the 50-day moving average crosses below the 200-day moving average. This crossover is often interpreted as a strong bearish signal and could result in increased selling pressure.
Despite the current bearish technical setup, some analysts remain optimistic about XRP’s longer-term prospects. If the $2.00 support level holds and XRP can break above the descending pattern with volume, there’s potential for a rally toward higher levels such as $3.00 or even beyond, depending on broader crypto market sentiment and XRP’s adoption by financial institutions.
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