Upbit lists RLUSD in KRW, BTC and USDT markets

South Korean crypto exchange Upbit announced trading support for Ripple USD on July 28, adding RLUSD pairs against the Korean won, Summary Upbit added RLUSD trading against won, Bitcoin and Tether on July 28 in South Korea. Deposits and withdrawals support only XRP Ledger, with destination tags required for incoming RLUSD transfers. Ripple officially reported $1.51 billion circulating RLUSD backed by $1.62 billion reserves on July 16. Bitcoin and USDT. Trading was scheduled to begin at 2:00 p.m. Korea Standard Time, subject to the exchange securing sufficient liquidity. Deposits and withdrawals were due to open within two hours of the announcement. Upbit limited transfers to the XRP Ledger version of RLUSD, excluding the token’s Ethereum and other supported-network versions. Upbit placed temporary limits on RLUSD trading Upbit planned several controls during the opening period. Buy orders were restricted for approximately five minutes after trading began. Sell orders priced more than 10% below the previous day’s closing price were also restricted for the same period. For roughly two hours after launch, users could submit only limit orders. Market orders and other conditional order ...