Ripple has integrated its USD-backed stablecoin, RLUSD, into its Ripple Payments platform to enhance cross-border payment efficiency. The integration aims to expand the utility of RLUSD among financial institutions, according to a company statement shared with crypto.news. 
Since its launch in December 2024, RLUSD has amassed $250 million in market capitalization and generated over $10 billion in trading volume. 
Ripple Payments processes billions of dollars in transactions daily, and the addition of RLUSD strengthens its ability to facilitate cross-border payments. 
RLUSD is already being utilized by select payment providers like BKK Forex and iSend, streamlining their treasury operations and settlement processes. 
Ripple plans to expand RLUSD’s role in payments over time, leveraging its extensive global payout network.
The stablecoin stands out for its focus on enterprise applications, ensuring compliance and liquidity for businesses engaging in global transactions. Notably, Jack McDonald, Ripple’s SVP of Stablecoins, highlighted the rapid growth of RLUSD, noting its growing use as collateral in both crypto and traditional finance markets.
Furthermore, new exchanges are listing RLUSD, expanding access for retail and institutional users. Finally, it continues to gain traction on leading crypto exchanges. Following LMAX Digital, Zero Hash, Bitstamp, and Bullish’s listings, RLUSD is now available on Kraken. This expansion enhances the stablecoin’s availability for a wider user base.
In conclusion, this integration represents a significant step forward in enhancing the utility of RLUSD for real-world financial applications such as cross-border payments, remittances, DeFi integrations, and trading tokenized assets. 