RLUSD To Be Integrated with Ripple Payments and Kraken

Almost four months ago, the Ripple stablecoin RLUSD was launched, and now two important advances have been reported: Ripple Payments is integrating RLUSD and the crypto exchange Kraken is adding the stablecoin to its program.

Ripple aims to expand its business with its own stablecoin , RLUSD , which was launched in early December 2024. Ripple hopes that RLUSD will benefit from growing demand for stablecoins and, in the long term, be perceived as an alternative to market leaders Tether (USDT) and USDC. The listing of RLUSD on the crypto exchange Kraken, which took place midweek, could help in this regard. This makes RLUSD available for the first time on one of the major global crypto exchanges.

From Ripple’s perspective, at least as important: RLUSD is now finally integrated into Ripple Payments. Jack McDonald, Director of Stablecoins at the crypto company, emphasizes on X that this makes RLUSD practically usable in more than 90 markets worldwide where Ripple Payments allows payouts. In general, RLUSD is intended to be suitable for business customers who value the advantages of blockchain solutions for international money transfers.

These include low fees, real-time processing and, in the case of RLUSD, compliance with regulatory requirements. Ripple recently introduced the ” Clawback ” feature for RLUSD, which allows transactions to be “frozen” or even reversed. This is intended to put a stop to the criminal use of RLUSD, and Ripple customers can request corrections if transfers are accidentally incorrectly addressed.

In a blog post on the latest developments with RLUSD, Ripple itself highlights that the stablecoin now has a market capitalization of almost $250 million. This is actually double the market capitalization of a month ago, but it’s still miles behind the market leaders Tether ($120 billion market capitalization) and USDC ($60 billion).

Conclusion: RLUSD is slowly picking up speed – Ripple sees great opportunities

Ripple’s original cryptocurrency, XRP, has experienced a spectacular comeback in recent months, fueled by Donald Trump’s election victory and a peace agreement with the U.S. Securities and Exchange Commission (SEC). Critical investors, however, are wondering where XRP fits within Ripple.

In many Ripple announcements, XRP is no longer mentioned at all. RLUSD, on the other hand, despite its slow expansion, is still far from leaving a lasting mark on the crypto industry. It will be important to watch whether RLUSD, with Ripple Payments, achieves a breakthrough with customers from the business world. Things are happening at Ripple, and IPO plans are also being taken out of the drawer.

__

(Featured image by Dmytro Demidko via Unsplash)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in BLOCK-BUILDERS.DE. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us