Ripple’s USD-backed stablecoin, RLUSD, has officially launched on Kraken, a prominent cryptocurrency exchange. This milestone follows substantial market momentum; RLUSD has already surpassed $10 billion in cumulative trading volume and is nearing a $250 million market cap. Kraken confirms RLUSD trading is now active, with users able to deposit and trade the stablecoin through their Kraken accounts. They can select RLUSD and utilize supported blockchain networks for transactions. The stablecoin is fully backed by cash and cash equivalents, redeemable 1:1 for USD and issued on the XRP Ledger and Ethereum. It’s designed for enterprise payments, DeFi, and global settlements.