Upbit Lists Ripple USD in KRW, BTC, and USDT Markets

South Korean crypto exchange Upbit has added support for Ripple USD (RLUSD) in its KRW, BTC, and USDT markets. The trading support was announced on July 28, allowing users to trade RLUSD against the South Korean won, Bitcoin, and Tether.

The deposits and withdrawals for RLUSD are limited to the XRP Ledger version of the token, with destination tags required for incoming transfers. This is in line with Upbit's restrictions on RLUSD trading.

Upbit has also implemented several controls during the opening period, including restricting buy orders for approximately five minutes after trading began and limiting market orders and conditional order types for roughly two hours after launch.

The exchange quoted RLUSD at 1,468.76 won, 0.00001583 BTC, and 0.9995 USDT at 11:00 a.m. KST, but these figures do not represent completed trades on the new Upbit markets.