RLUSD joins Ripple Payments platform amid 118% monthly growth

Ripple has integrated its US-pegged stablecoin, RLUSD, into the Ripple Payments platform, which facilitates enterprise-grade cross-border transactions. This integration comes as RLUSD experiences significant growth, with its market cap reaching nearly $200 million in March (a 118% monthly increase) and its monthly transfer volume rising 54.6% from $466 million to over $720 million. The rollout is phased, with select customers like BKK Forex and iSend already using RLUSD for treasury operations. Additionally, RLUSD has been listed on Kraken, expanding its reach to both institutional and retail users, following listings on other exchanges like LMAX Digital and Bitstamp. Ripple aims to further expand RLUSD’s role in its payment system, positioning it as a tool for institutional flows and tokenized asset collateral, while also bridging crypto and regulated financial markets. Show Less