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RLUSD Integrated In Ripple Payments, Broader Global Rollout Expected
Ripple announced the integration of Ripple USD (RLUSD) with Ripple Payments. The company expects the integration of the stablecoin into its flagship payment solution to drive more enterprise utility and demand for the digital asset.
RLUSD in Ripple Payments
According to the company’s press release, RLUSD’s consolidation will allow it to leverage Ripple Payment’s vast customer reach, which now caters to billions of dollars in transaction volume. The stablecoin stands out from others with its built-in global enterprise utility framework, which allows it to improve the speed and efficiency of cross-border payments significantly.
Ripple boasted that RLUSD has achieved a market cap of $250 million since December 2024. Per real-time data, it is already inching closer to a $300 million overall valuation, as the stablecoin’s total and circulating supply increased to 293.69 million units ($293.69 million).
BKK Forex, a Singapore-based currency exchange founded in 1991, and iSend, a multinational corporation established in 2006 and headquartered in Singapore and Australia, are among the first institutional adopters of RLUSD. Both businesses are harnessing the stablecoin’s compliant, quick, and low-cost transactional capabilities for their treasury operations. With the RLUSD’s integration, Ripple Payment solution is on its way to rolling out the stablecoin solution to its payment customers.
RLUSD Surpassing Ripple’s Expectations
Jack McDonald, Senior Vice President of Stablecoins at Ripple, claimed that RLUSD’s market performance surpassed their internal projections. He believes it could accelerate further due to its plethora of use cases, particularly in the crypto and traditional finance (TradFi) sectors.
“New exchanges are listing RLUSD on an ongoing basis and we’re actively working with NGOs who see the opportunity to streamline giving through stablecoins,” said McDonald. “We’re additionally excited to enable RLUSD in Ripple Payments, extending the breadth of stablecoins available in our cross-border payments solution.”
Key Features of RLUSD
For Ripple, RLUSD sets a new standard for stablecoins. It possesses both functionality and regulatory compliance. Ripple’s native stablecoin has notably passed even the strict standards of the New York Department of Financial Services (NYDFS).
Based on Ripple, RLUSD unlocks the following advantages for enterprise users:
Instant settlement of cross-border payments
Quick access to liquidity for remittance and treasury operations
Seamless integration with decentralized finance (DeFi) protocols
Bridge between traditional fiat currencies and crypto
Collateralization for trading tokenized real-world assets (RWAs), including securities, treasury, and commodity assets
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