RLUSD has been listed on Bitget, which is a major cryptocurrency exchange with $711 billion in trading volume, and at the same time Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud is backing Ripple through a $121 million investment in VivoPower’s XRP treasury strategy. This RLUSD listing marks significant progress for Ripple’s stablecoin expansion, and it comes amid growing XRP news of institutional adoption across the XRP Ledger ecosystem right now. The Saudi Arabia royal investment signals unprecedented confidence in RLUSD and also XRP’s long-term potential.
We’re proud to partner with @Ripple to bring $RLUSD to Bitget.
RLUSD — a fully regulated, USD-backed stablecoin issued on XRPL & Ethereum — is now live on #BitgetSpot.
Learn more
https://t.co/6xK92rCEbA
— Bitget (@bitgetglobal) May 29, 2025
Also Read: Ripple: Saudi Royals Back $121M XRP Bet as SEC Vote Nears, $2.91 Ahead
Ripple’s RLUSD Gains Momentum with Global Listings and Saudi Support
Bitget Exchange Adds RLUSD Trading
Bitget officially listed RLUSD on May 29, 2025, and it’s enabling trading in both Innovation and Web3 zones. The RLUSD listing provides USDT trading pairs for institutional and also retail users. This represents RLUSD’s fourth centralized exchange listing in 2025, which is quite significant.
Gracy Chen, CEO of Bitget, had this to say:
“We’re excited to partner with Ripple, a team that has consistently pushed forward the adoption of crypto. RLUSD stands out as one of the few stablecoins issued by a NYDFS-chartered limited purpose trust company, placing it in a uniquely clear regulatory framework.”
At the time of writing, the market capitalization of RLUSD is $309 million and trading volume is 61% higher than before. Currently, the RLUSD stablecoin is the 12th largest by market cap out of all stablecoins. Ripple CEO Brad Garlinghouse previously outlined that RLUSD targets enterprise use, a purpose reinforced by the latest developments.
Saudi Arabia Prince Leads an XRP Investment
Remember the Saudi royal family, Prince & XRP?
Something Versan & I mentioned a few times for years.
Well, Prince Abdulaziz led a $121M investment to transform VivoPower, a public company, into the first XRP-focused digital asset firm. They’ve officially announced their…
— Vandell | Black Swan Capitalist (@vandell33) May 29, 2025
Prince Abdulaziz bin Turki Abdulaziz Al Saud led VivoPower’s $121 million private placement, and this establishes the first publicly traded XRP-focused treasury strategy. The Saudi Arabia royal committed $100 million, which represents 80% of total funding for XRP accumulation. This RLUSD and XRP news demonstrates growing institutional confidence in Ripple’s ecosystem at the time of writing.
Prince Abdulaziz bin Turki Abdulaziz Al Saud stated:
“We have been investors in the digital asset sector for a decade and have been long-term holders of XRP. After reviewing a number of listed vehicles seeking to embrace a digital asset treasury model, we selected VivoPower given its strategic focus on XRP and its objective to contribute to building out of the XRPL ecosystem.”
The Prince also mentioned:
“Having met with President Trump and his leadership group during their recent visit to Saudi Arabia, we believe the timing is appropriate for digital assets and blockchain technology to be rolled out in the Kingdom and we are delighted to be assisting VivoPower in this regard.”
Also Read: Ripple CEO Pushes for National Crypto Reserve as RLUSD Stablecoin Set to Reshape 2025
Former Ripple Executive Strengthens an XRP Strategy
Adam Traidman, who is a former Ripple board member and also SBI Ripple Asia CEO, joined VivoPower as Chairman of Board of Advisors. Traidman’s involvement adds significant credibility to the RLUSD and XRP Ledger development strategy right now. His participation signals confidence in Ripple’s long-term vision, and it brings industry expertise.
Adam Traidman said:
“Having been involved with Ripple since its formative years, I’ve seen the strength and adaptability of the XRPL ecosystem. VivoPower’s initiative to become the first publicly listed company with an XRP-centric treasury strategy is a forward-thinking move that reflects growing institutional conviction in real-world blockchain applications.”
VivoPower Executive Chairman Kevin Chin had this to say:
“We are incredibly privileged to have His Royal Highness, Prince Abdulaziz bin Turki Abdulaziz Al Saud of Saudi Arabia leading this transformational capital raising.”
The RLUSD listing on Bitget combined with Saudi Arabia’s institutional backing through VivoPower represents a pivotal moment for Ripple’s ecosystem right now. Real XRP news! These developments position RLUSD for accelerated adoption and also demonstrate XRP’s growing acceptance among traditional investors. The XRP Ledger ecosystem continues expanding as more institutions recognize its potential for cross-border payments and also decentralized finance applications at the time of writing.
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