Ripple Enhances Cross-Border Payments with RLUSD
Ripple has integrated its USD-backed stablecoin, RLUSD, into Ripple Payments. This move aims to boost cross-border payment efficiency and expand RLUSD’s utility among financial institutions.
Sence its December 2024 launch, RLUSD has reached nearly $250 million in market cap and $10 billion in trading volume.Ripple Payments processes billions in transactions, and RLUSD strengthens its cross-border capabilities.
RLUSD is already used by payment providers like BKK Forex and iSend. It optimizes treasury operations and settlement processes. Ripple plans to expand RLUSD’s role in payments using its global network.
Unlike retail-focused stablecoins, RLUSD is designed for enterprise use, ensuring compliance and liquidity for global transactions. Jack McDonald, ripple’s SVP of Stablecoins, noted RLUSD’s rapid growth and its use as collateral in crypto and traditional finance.
McDonald said, “New exchanges are listing RLUSD, and we’re working with NGOs to streamline giving through stablecoins.”
RLUSD is gaining traction on leading crypto exchanges. After LMAX Digital, Zero Hash, Bitstamp, and Bullish, it’s now on Kraken, expanding access for users.
RLUSD enables instant cross-border settlements, supports liquidity for remittances, integrates with DeFi protocols, and serves as collateral for trading tokenized real-world assets.
