Eleven days after Binance added Ripple USD to its platform, a clearer picture is forming as to why the February 12th listing is more significant than the stablecoin’s new spot market debut.
According to Mike Higgins, head of BD/CD at Ripple Prime, the real development is not even visibility, but gaining ancillary status. $RLUSD is currently live on Binance Spot Pairs and has been approved as eligible margin for perpetual futures. This is all within $XRP Ledger integration.
how $RLUSD According to Mike Higgins, the fragmentation of capital will be solved
Stablecoins will change the way financial institutions manage risk when they can be used as margin in the world’s largest crypto derivatives market. Instead of companies moving capital between different stablecoins on different exchanges, $RLUSD Spot and Purps on Binance.
Higgins explained it simply. Accepting derivative collateral improves capital efficiency and reduces fragmentation between venues. In his words, the listing was a sign that the market was maturing.
If Binance’s liquidity deepens, $RLUSD Capable of sustaining supply growth without discount pressure, this token could strengthen its role as a cross-venue institutional stablecoin rather than a niche one $XRP Ecosystem means.
ICYMI: @binance has been listed $RLUSD In XRPL, spot pairs are live and accepted as collateral for perpetual futures. What will it bring to Ripple Prime clients?
✔️$RLUSD Now eligible for qualifying margin on one of the world’s largest derivatives exchanges
✔️Large capital…— Mike Higgins (@mikehiggins) February 23, 2026
For Ripple Prime clients, that means you can use: $RLUSD It can be used not only as a settlement asset but also as collateral for leverage strategies. This also aligns with the larger industry trend for exchanges to focus on stablecoins that meet compliance standards for risk-managed derivative products.
The next thing to pay attention to is how much of the derivative’s open interest is collateralized. $RLUSD. According to CoinMarketCap, at the moment, the 24-hour trading volume is $RLUSD Binance has over $100 million. These numbers are $RLUSD Although it is in the top half of regulated USD-denominated tokens in terms of total supply, it remains below large players such as USDT and USDC.
