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RLUSD Listed on South Korea's Largest Exchange Upbit

Guavy AI Editorial Team
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Ripple's RLUSD stablecoin has expanded its availability on South Korea's largest cryptocurrency exchange, Upbit. This move allows users to trade RLUSD against KRW (South Korean Won), BTC (Bitcoin), and USDT pairs.

The listing of RLUSD on Upbit is significant due to the platform's dominance in the South Korean market, controlling about 70% of the country's crypto trading volume.

Upbit's support for RLUSD comes after its previous listings on major platforms like OKX, Kraken, and Bitstamp. The strong demand for XRP and KRW-denominated markets in South Korea may lead to substantial trading volume and liquidity on Upbit.

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