TLDR
- RLUSD is now live on Coinone with direct KRW access for South Korean traders.
- Ripple described Coinone as one of South Korea’s largest regulated exchanges.
- Coinone posted a limited RLUSD holder event with annual benefits of 10%.
- Ripple is testing RLUSD in Singapore’s BLOOM sandbox for payment use.
- Convera and Ripple linked systems for crypto-enabled payment and treasury services.
Ripple’s RLUSD is now live on Coinone, giving South Korean traders direct access in KRW. The listing places the stablecoin on a major regulated exchange. It also expands Ripple’s RLUSD reach in Asia.
The move links local trading access with broader payment, treasury, and exchange growth plans for Ripple today.
Ripple announced the Coinone launch on X. It said Korean traders can access its “fully-reserved, enterprise-grade stablecoin” directly in KRW. Coinone was described as one of South Korea’s largest regulated exchanges.
A market report in the provided material placed the exchange near $300 million in daily volume. The move comes as Ripple seeks broader RLUSD reach across exchanges and payment channels. This local launch gives Ripple another market for direct buying and holding.
Coinone listing opens a direct KRW route
The listing gives local users a direct won-based route into RLUSD. That removes an extra currency step for some traders. For South Korean users, that means direct access in local currency on the same platform. Ripple used the line “Global reach. Local access.” with the update. The post tied the stablecoin’s wider distribution to local market access on a regulated venue.
Coinone also posted a limited RLUSD holder support event. The notice said eligible users could receive annual benefits of 10% for a set period. It said daily snapshots would measure holdings. The first benefit date was set for April 10. That payment used snapshots from March 25 to March 31.
Coinone’s notice listed several conditions for the program. It said snapshots use the exchange’s internal standards and server time. It also said benefit details may change without prior notice. The exchange said the event could end early. The notice added that account status can affect reward payments.
Ripple expands RLUSD activity across Asia
The Coinone addition follows other RLUSD moves in Asia. A March report in the supplied text said Ripple was testing RLUSD in Singapore’s BLOOM sandbox. The program is managed by the Monetary Authority of Singapore.
The test examined whetherRLUSD could replace manual payment processes. That work focused on payment flows, not only retail trading.
Ripple has been presenting RLUSD for trading, payments, and treasury work. The company said the asset is fully reserved and built for enterprise use.
The supplied text said stablecoins now hold more than $320 billion in market value. That equals more than 13% of the wider crypto market. Ripple has been trying to place RLUSD as a practical on-ramp across markets.
Payments tie-up adds to RLUSD use cases
A separate disclosure in the material linked Ripple to Convera on business payments. The companies said they combined systems for crypto-enabled payment and treasury services. Convera would manage the full client payment experience.
Ripple would provide liquidity, on and off ramps, and settlement infrastructure. The arrangement links RLUSD activity with existing corporate payment workflows.
Convera processes more than $170 billion in annual B2B payment volume, according to the provided text. CEO Patrick Gauthier said customer demand guided the plan.
He said Convera chose Ripple because of its place in crypto. He added that both companies aim to expand these services across global markets. That broader payment angle sits alongside Coinone’s new retail market access.
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