Margex Adds Ripple’s RLUSD as Collateral for Crypto Trading

Margex has expanded its collateral options by integrating RLUSD, Ripple’s stablecoin, for trading cryptocurrency pairs.

This addition brings the platform’s total supported stablecoins to two, alongside the existing Tether (USDT) integration.

In a recent press release, the crypto copy trading platform stated that the integration expands its stablecoin offerings and provides traders with more reliable and efficient financial solutions. This update is expected to simplify transactions, ensuring smoother and more cost-effective trades for users worldwide.

Margex joins several major cryptocurrency platforms that already support RLUSD, including Bitstamp, Uphold, MoonPay, and CoinMENA. In October 2024, Ripple announced that Coinbase, Binance, and Bybit had also joined its global distribution network.

Ripple launched RLUSD for public use in late 2024 to complement its cross-border payment solutions. The stablecoin is pegged 1:1 to the U.S. dollar and is also backed by dollar reserves, government bonds, and cash equivalents. It is regulated under the New York Department of Financial Services (NYDFS) and is currently live on Ripple’s XRPL and the Ethereum mainnet.

Notably, to strengthen RLUSD’s presence in DeFi, Ripple integrated Chainlink’s Price Feeds for its use on Ethereum. The blockchain firm noted the move was aimed at providing verifiable on-chain pricing data that will enable developers to incorporate RLUSD into their trading, lending, and other DeFi applications.

Meanwhile, alongside the RLUSD integration, Margex announced several platform improvements. The platform has integrated charting tools from the financial analytics platform TradingView to give its users access to real-time price RLUSD’sver over 100 technical indicators and advanced drawing features. It has also expanded its payment options by adding Dogecoin (DOGE) for deposits and withdrawals, complementing existing cryptocurrency options like Kaspa (KAS) and Toncoin (TON) to facilitate seamless fund transfers.

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