Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

RLUSD joins Ripple Payments platform amid 118% monthly growth

Share This Post

Ripple has integrated RLUSD into its enterprise-grade cross-border payments platform, Ripple Payments, amid a 118% monthly growth in its market cap.

The move expands US-pegged RLUSD’s utility within Ripple’s global transaction infrastructure and coincides with the token’s listing on Kraken, further increasing access to institutional and retail users. 

Based on Artemis data, RLUSD’s market cap jumped to nearly $200 million in March, three months after its rollout in December 2024.

Additionally, the stablecoin’s monthly transfer volume increased from $466 million to over $720 million last month, a 54.6% growth.

Cross-border payments with RLUSD

The integration with Ripple Payments is part of a phased rollout. Select customers, including BKK Forex and iSend, are already utilizing RLUSD for cross-border treasury operations.

Ripple’s SVP of stablecoins, Jack McDonald, said RLUSD is increasingly being used across crypto-native and traditional finance markets, including as collateral for tokenized real-world assets. 

The announcement noted that RLUSD is tailored for institutional flows, unlike retail-focused stablecoins. Ripple plans to expand RLUSD’s role in its payment system to additional enterprise customers over time.

Kraken listing extends market access

Kraken’s listing of RLUSD marks the token’s availability on another major centralized exchange, joining previous LMAX Digital, Bitstamp, Zero Hash, and Bullish listings. 

The listing broadens RLUSD’s market footprint and enables individual traders to access the asset through a trusted US exchange.

In January, Ripple partnered with Chainlink to add RLUSD data feeds to the decentralized finance ecosystem, enhancing its use by retail.

The integration of RLUSD into Ripple Payments and its listing on Kraken also reflect Ripple’s broader effort to bridge crypto infrastructure with regulated financial markets.

The post RLUSD joins Ripple Payments platform amid 118% monthly growth appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Phoenix Group Boosts Ethiopia Bitcoin Mining Capacity to 132 MW

Phoenix Group has expanded its Bitcoin mining operations in Ethiopia, securing an additional 52 megawatts, bringing its total capacity there to 132 megawatts and surpassing 500 megawatts globally

Dogecoin Price To $10? Why The 21Shares ETF Filing Could Signal Good Things To Come

The conversation surrounding Dogecoin may be gradually shifting, and recent market developments suggest that the meme coin could be poised to reach new all-time highs The most recent development

Ripple’s reported $5 billion offer for Circle rejected as too low

Ripple has proposed a takeover of Circle, offering between $4 billion and $5 billion to acquire the stablecoin issuer, Bloomberg News reported on April 30, citing sources familiar with the matter 

XRP Price Suppressed By ‘Dark Pools,’ Crypto Pundit Claims

The recent stagnation in XRP’s spot price may owe less to waning market interest than to a surge in off-exchange trading, according to crypto pundit and Digital Ascension Group managing director

Markets Bet on Fed Pause in May Even as Trump Rattles the Cage

On April 12—just over two weeks prior—expectations surrounding a potential cut to the federal funds rate were in flux, with markets assigning a 398% probability that the US Federal Reserve would

Breaking: Circle Rejected Ripple Takeover Bid of $4-5B

The post Breaking: Circle Rejected Ripple Takeover Bid of $4-5B appeared first on Coinpedia Fintech News Circle ostensibly turned down the offer since it was too low based on its market value and