Ripple Expands RLUSD Use in Global Payments and Enterprise Transactions
Highlights:
- Ripple has added RLUSD to Ripple Payments, boosting enterprise transactions and expanding stablecoin use.
- RLUSD market cap has grown 118% in one month, reaching $200 million with rising demand for stable transactions.
- Kraken has listed RLUSD, increasing access for traders and institutions.
Ripple has integrated RLUSD on the Ripple Payments platform, further increasing the utility of the stable coin for enterprise transactions. With the move, businesses can now conduct cross-border payments using RLUSD in a more efficient manner. The stablecoin is already in use for treasury operations by select customers, BKK Forex and iSend, providing them with the ability to streamline fund management. Unlike stablecoins made for retail users, Ripple has stated that RLUSD is designed for institutional flows.
Ripple integrates RLUSD into Ripple Payments platform#Ripple has integrated the RLUSD stablecoin into its Ripple Payments platform as its market cap grows 118% monthly. RLUSD is also listed on Kraken, expanding access for institutional and retail investors.
In March, RLUSD's…
— CoinPhoton (@coinphoton) April 3, 2025
Over time, the company is further increasing RLUSD’s role in its payment system and enabling more businesses to take advantage of it. With Ripple Payments, businesses can now enjoy faster and cheaper settlements with RLUSD.
Moreover, the stablecoin is used for tokenized real-world assets as collateral in financial transactions. RLUSD is designed to be a stable and efficient enterprise digital asset to enable payments and liquidity management. According to the company’s senior vice president of stablecoins, Jack McDonald, RLUSD is getting used both in digital asset markets and also in the traditional finance areas.
RLUSD Sees Strong Growth in Market Cap and Usages
Since its launch in December, RLUSD has experienced significant growth of its market value and transaction volume. The market capitalization of the stablecoin grew 118% in one month and stands at $293.79 million. Its monthly transfer volume has grown from $466 million to over $720 million.
Ripple also recently minted an additional 50 million RLUSD tokens on the XRP Ledger. The move was made to meet the growing demand for the stablecoin. RLUSD is being used by businesses that want an efficient means of managing liquidity to keep operations running smoothly.
RLUSD is seeing more usage in Ripple Payments, which also processes billions in transactions. The company hopes to bring on more enterprises that are looking to get on a stable, cost-effective, and fast payment solution. The adoption of RLUSD is expected to increase further as new businesses and institutions explore RLUSD. Ripple has stated that the growing use by RLUSD proves its ability to power large financial transactions.
Kraken Listing Expands RLUSD Access
In a related development, RLUSD is now listed on the Kraken exchange. This listing allows users to trade RLUSD on a well-established platform, hence increasing its market visibility. Currently, RLUSD is available on leading exchanges like Bitstamp, LMAX Digital, Zero Hash, and Bullish. These platforms provide users the ability to purchase and sell the stablecoin.
🔊 $RLUSD @ripple is now available for trading on Kraken!
✔️ Deposits and withdrawals are enabled
🎉 Trading is now live!
Trade here ⤵️https://t.co/EbU16A6sy0
*Geographic restrictions apply pic.twitter.com/oinEZBMZfs
— Kraken Exchange (@krakenfx) April 2, 2025
The listing on Kraken comes at a time when RLUSD has increased in popularity since it was launched. The stablecoin is now available on the exchange for individual traders and institutions to access through a trusted platform.
While users are able to deposit and trade RLUSD, the exchange said that the ability to access the token via its mobile application and Instant Buy feature will be restricted until there is sufficient liquidity for the token. These additional features will be enabled once trading volume increases so as to support broader usage.
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Austin Mwendia
Austin Mwendia is a passionate crypto journalist with three years of experience. He has contributed to various media outlets, covering blockchain technology, market analysis, and financial trends. He is committed to educating readers and expanding the adoption of blockchain and decentralized finance.
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