Gate launches RLUSD, opens four major trading pairs, and offers multiple incentive measures

Odaily Planet Daily News: Cryptocurrency asset trading platform Gate has announced that on June 15th at 17:00 (UTC+8), it will launch Ripple's USD stablecoin RLUSD, and simultaneously open trading pairs for BTC/RLUSD, ETH/RLUSD, XRP/RLUSD, and RLUSD/USDT. RLUSD is fully backed 1:1 by USD deposits, short-term US Treasury bonds, and other cash equivalents, with transparency and compliance enhanced through monthly reserve audit reports. This stablecoin is designed specifically for payment scenarios, aiming to meet the growing demand from users, developers, and institutions for transparent, interoperable stablecoins with real-world application capabilities.

To support the launch, Gate is also rolling out a market incentive plan totaling 750,000 RLUSD, including CandyDrop trading incentives, VIP exclusive airdrops, withdrawal fee reductions, and KOL promotion efforts. The goal is to guide genuine trading demand, improve trading depth, and encourage new user participation and market activity. The release of RLUSD and the concentrated distribution of incentive resources demonstrate Gate’s strategic focus on continuously improving the stablecoin trading ecosystem, enhancing liquidity and trading efficiency across multiple assets. In the future, Gate will expand to include more high-quality assets and ecological collaborations, promoting the ongoing evolution of digital asset market infrastructure.