On January 29, 2025, Margex, a cryptocurrency trading platform, announced the integration of Ripple's stablecoin (RLUSD) as collateral for trading crypto pairs. This addition allows users to utilize RLUSD, a U.S. dollar-pegged stablecoin maintained at a 1:1 ratio, alongside other options like USDT.
RLUSD is designed on the XRP ledger and Ethereum network, enabling efficient cross-border transactions with low fees and fast processing times. The stablecoin is backed by a collateralized mechanism, including dollar deposits and government bonds, enhancing security for users.
Margex's listing of RLUSD aims to provide a stable trading option for users, facilitating secure payments and acting as a hedge against market fluctuations. Additionally, Margex has integrated TradingView's charting tools, offering over 100 technical indicators and real-time price data to enhance user trading experiences.
The platform has also added Dogecoin (DOGE) for instant withdrawals and deposits, further streamlining user transactions. Margex is set to launch a modern wallet for better asset control, reinforcing its commitment to a secure and efficient trading environment.