Ripple Integrates Its RLUSD Stablecoin Into Ripple Payments

TL;DR

• Ripple has integrated the RLUSD stablecoin into its cross-border payments system.

• The RLUSD stablecoin now has a market cap of nearly $250 million.

RLUSD Integrated Into Ripple Payments 

Ripple, an enterprise-focused blockchain service closely tied to the XRP Ledger (XRP), announced on Wednesday that it has integrated its RLUSD stablecoin into the company’s cross-border payments system.

This latest development is designed to boost the stablecoin’s adoption. The company revealed that a few Ripple Payments customers, including cross-border payment providers BKK Forex and iSend, are already using RLUSD to improve their reasury operations. Ripple also intends to expand the stablecoin’s availability to other payments customers. 

Furthermore, the RLUSD stablecoin is now live on Kraken, following its recent listing on LMAX and Bitstamp. 

This latest development comes after the New York Department of Financial Services approved Ripple’s RLUSD stablecoin in December 2024. RLUSD now has a market cap of $244 million and is still far from challenging industry giants Tether (USDT) and Circle’s USDC.