Ripple Has Integrated Its USD-Backed Stablecoin, RLUSD, Into Its Ripple Payments Platform

Ripple Payments, a platform that claims to process billions in transaction volume, now supports RLUSD for cross-border settlements, targeting institutional efficiency.

Ripple has integrated its USD-backed stablecoin, RLUSD, into its Ripple Payments platform to facilitate more efficient cross-border transactions for enterprise clients.

The asset, which launched in December 2024, has rapidly gained traction, nearing $250 million in market capitalization.

The platform, which processes billions of dollars in transaction volume, will now support RLUSD for cross-border settlements as part of its offering to institutional clients.

The stablecoin, which is designed for enterprise use, is touted for its compliance and speed, in contrast to other stablecoins that are largely targeted at retail traders.

Early adopters of RLUSD include payment providers BKK Forex and Isend, which are using the stablecoin to optimize treasury operations, according to Ripple.

The San Francisco-based firm said RLUSD has hit nearly $250 million in market capitalization, with $10 billion in cumulative trading volume since launch.

The stablecoin is now listed on Kraken, LMAX Digital, Bitstamp and other leading crypto exchanges, expanding access for both retail and institutional traders.

It is also being used by crypto and traditional finance firms as collateral, and non-governmental organizations (NGOs) are exploring its use for charitable donations, said Jack McDonald, senior vice president of stablecoins at Ripple.

RLUSD also supports integration with decentralized finance (DeFi) and transitions between fiat and crypto, enabling enterprises to settle payments instantly and manage liquidity needs, he added.

“We are excited to announce the integration of RLUSD into Ripple Payments, further expanding the suite of stablecoins available within our cross-border payment solution,” McDonald said on Wednesday.

RLUSD is backed by Ripple’s New York-regulated limited purpose trust company and facilitates the trading of tokenized real-world assets (RWAs), such as commodities and securities, on various blockchain networks.

Ripple’s core payments offering is powered by the XRP Ledger, which provides very low-cost transactions, but RLUSD is a separate stablecoin and is also issued on the Ethereum blockchain.

The company has partnerships with financial institutions around the world to develop financial solutions using blockchain technology.

The integration of RLUSD is part of Ripple’s broader strategy to combine TradFi with digital assets, with a strong emphasis on regulatory compliance.