1 week ago
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Key Takeaways
- Ripple and OKX partnership was announced at April 29.
- RLUSD live on OKX: 280+ spot pairs including XRP/RLUSD.
- Collateral use: institutional-grade margin for derivatives including perpetual futures.
- Minting: direct minting and redemption on OKX enabled.
- OKX user base: 120 million globally.
280 Pairs Is The Headline. Collateral Is The Story.
Every announcement covering this partnership leads with 280 spot pairs. That number measures breadth of access. The number that measures structural significance is different: RLUSD is now acceptable margin collateral for perpetual futures on a platform serving 120 million users.
Margin collateral is sticky capital. A trader using RLUSD to collateralize a perpetual futures position has no incentive to convert back to USDC or USDT while that position is open. The stablecoin is not being used to...
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