Announcing Zero Fees for RLUSD/USD Trading Pairs

As of November 4, Gemini will no longer charge fees for RLUSD/USD trading pairs, building on the company’s continued integration with the Ripple ecosystem during this week’s Ripple Swell conference in New York.

With this change, Gemini will no longer charge fees for exchange users for all order types, including instant orders, recurring orders, and limit orders. This initiative will make Ripple’s industry-leading stablecoin even more accessible.

The announcement comes as Gemini continues to strengthen the company’s partnership with Ripple, the issuer of XRP. In August, Gemini launched the XRP Edition of the Gemini Credit Card and made RLUSD available as an optional base currency for all spot trading pairs to Gemini users in the United States.

What is RLUSD?

Launched by a subsidiary of Ripple Labs in 2024, RLUSD is a stablecoin pegged 1:1 to the US dollar including with short-term US treasuries and cash. The stablecoin is issued on the XRP ledger and Ethereum blockchain and is designed to facilitate fast global payments and fund transfers. The stablecoin has a market cap of roughly $1.02 billion, making it the seventh largest stablecoin globally.

RLUSD has a wide array of use cases for retail users, including:

• Store value between trades: Traders moving in out of volatile crypto markers can park their money in RLUSD knowing it will remain pegged to the US dollar.
• DeFi yield opportunities: Traders can transfer RLUSD to Solana DeFi applications for various yield-generating opportunities.
• Cross-border transactions: As with XRP, traders use RLUSD to make cross-border payments and other peer to peer transfers because of its low transaction fees and fast settlement times.

Go Where Dollars Won’t!
Team Gemini