XRP News: Ripple Adds RLUSD Stablecoin to Cross-Border Payments as Demand Outpaces Expectations

Ripple Integrates RLUSD Stablecoin into Cross-Border Payments System

Ripple USD's market cap has grown to $244 million since its launch in December, up 87% in the last month.

Christian Sandor | Edited by Nikhilesh De , Apr 2, 2025 15:17 UTC

What you need to know:

• Ripple has integrated its RLUSD stablecoin into its cross-border payments platform Ripple Payments.
• Stablecoins are a rapidly growing asset class. Ripple entered the increasingly competitive market in December after receiving regulatory approval from the NYDFS.
• According to Jack McDonald, head of stablecoins at Ripple, RLUSD's growth is “exceeding our internal forecasts” and the company is working with NGOs to explore the use of stablecoins in aid distribution.

Ripple, a blockchain services provider for businesses and closely associated with the XRP Ledger (XRP), announced on Wednesday that it will integrate its stablecoin into the cross-border payments system to promote the adoption of Ripple USD (RLUSD).

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The company noted that some Ripple Payments customers, including cross-border payment providers BKK Forex and iSend, are already using the stablecoin to streamline their treasury operations. Ripple intends to continue to expand the availability of its token to its payment customers.

Additionally, crypto exchange Kraken has added RLUSD to its platform following recent listings on LMAX and Bitstamp.

Ripple entered the rapidly growing stablecoin market with its short-term cryptocurrency backed by U.S. government bonds after receiving approval from the New York State Department of Financial Services in December.

Since then, RLUSD's market cap has reached $244 million, up 87% in the last month, with monthly transfer volumes reaching $860 million, according to rwa.xyz.

Jack McDonald, Ripple’s senior vice president of stablecoins, said in a comment that RLUSD’s growth is “ahead of our internal forecasts” as adoption spreads across various financial sectors. Ripple is also partnering with NGOs exploring stablecoins to better distribute aid, he added.

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