Ripple has integrated its stablecoin RLUSD into the Ripple Payments platform. This move aims to enhance cross-border payment efficiency and expand RLUSD's usage among financial institutions.
Cross-border Payments
Ripple Payments processes billions of dollars in transactions, and the addition of RLUSD strengthens its cross-border capabilities. RLUSD is already in use by select payment providers, including BKK Forex and iSend, optimizing treasury operations and settlement processes. Ripple plans to expand RLUSD’s role in payments over time, leveraging its global payout network. RLUSD is tailored for enterprise applications, ensuring compliance and liquidity for businesses engaged in global transactions.
RLUSD on Kraken Exchange
RLUSD continues to gain traction across leading crypto exchanges. Following its availability on LMAX Digital, Zero Hash, Bitstamp, and Bullish, the stablecoin is now listed on Kraken, broadening access for retail and institutional users. Designed for enterprise-grade financial applications, RLUSD enables instant cross-border settlements, supports liquidity for remittances, integrates with DeFi protocols, and serves as collateral for trading tokenized real-world assets.
Future Prospects for RLUSD
Launched in December 2024, RLUSD has already reached a market capitalization of $250 million with a total trading volume of $10 billion. Ripple is actively working to expand RLUSD's application in the financial sector, viewing it as collateral in both crypto and traditional finance markets.
The integration of RLUSD into Ripple Payments opens new opportunities for cross-border settlements and financial innovation. The use of the RLUSD stablecoin is expanding, supporting both corporate and retail financial operations.
