$RLUSD Listing Set for Upbit on July 28 with KRW, BTC, and USDT Pairs

South Korean cryptocurrency exchange Upbit is set to list $RLUSD, a digital asset, for trading against the Korean won (KRW), Bitcoin ($BTC), and Tether ($USDT) on July 28. This move comes after Upbit's listing committee vetted the project, considering factors like its technology, team, legal compliance, and market demand.

The inclusion of a KRW trading pair is particularly significant for South Korean retail investors who prefer to trade directly with fiat currency rather than using stablecoins or Bitcoin as intermediaries. This can lead to increased trading volumes and price volatility in the immediate post-listing period.

$RLUSD is not a stablecoin, but its listing on Upbit signals a degree of vetting by the platform's listing committee. Traders should verify the contract address and project details before trading to avoid confusion or potential scams.