RLUSD joins Ripple Payments platform amid 118% monthly growth
Ripple has integrated RLUSD into its enterprise-grade cross-border payments platform, Ripple Payments, amid a 118% monthly growth in its market cap.
The move expands US-pegged RLUSDs utility within Ripples global transaction infrastructure and coincides with the tokens listing on Kraken, further increasing access to institutional and retail users.
Based on Artemis data, RLUSDs market cap jumped to nearly $200 million in March, three months after its rollout in December 2024.
Additionally, the stablecoins monthly transfer volume increased from $466 million to over $720 million last month, a 54.6% growth.
Cross-border payments with RLUSD
The integration with Ripple Payments is part of a phased rollout. Select customers, including BKK Forex and iSend, are already utilizing RLUSD for cross-border treasury operations.
Ripples SVP of stablecoins, Jack McDonald, said RLUSD is increasingly being used across crypto-native and traditional finance markets, including as collateral for tokenized real-world assets.
The announcement noted that RLUSD is tailored for institutional flows, unlike retail-focused stablecoins. Ripple plans to expand RLUSDs role in its payment system to additional enterprise customers over time.
Kraken listing extends market access
Krakens listing of RLUSD marks the tokens availability on another major centralized exchange, joining previous LMAX Digital, Bitstamp, Zero Hash, and Bullish listings.
The listing broadens RLUSDs market footprint and enables individual traders to access the asset through a trusted US exchange.
In January, Ripple partnered with Chainlink to add RLUSD data feeds to the decentralized finance ecosystem, enhancing its use by retail.
The integration of RLUSD into Ripple Payments and its listing on Kraken also reflect Ripples broader effort to bridge crypto infrastructure with regulated financial markets.
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