Ripple has recently integrated RLUSD into its cross-border payments platform, Ripple Payments, following a 118% monthly growth in its market cap. This move expands the utility of US-pegged RLUSD within Ripple’s global transaction infrastructure and coincides with the token’s listing on Kraken, increasing access for institutional and retail users. According to Artemis data, RLUSD’s market cap jumped to nearly $200 million in March, just three months after its rollout in December 2024. Additionally, the stablecoin’s monthly transfer volume increased from $466 million to over $720 million, showing a growth of 54.6%.
The integration of RLUSD into Ripple Payments is part of a phased rollout plan. Some select customers, such as BKK Forex and iSend, are already utilizing RLUSD for cross-border treasury operations. Ripple’s SVP of stablecoins, Jack McDonald, mentioned that RLUSD is being used more and more across both crypto-native and traditional finance markets, including as collateral for tokenized real-world assets. The announcement also noted that RLUSD is tailored for institutional flows, unlike many retail-focused stablecoins. Ripple intends to expand RLUSD’s role within its payment system to additional enterprise customers over time.
Kraken’s recent listing of RLUSD further extends the token’s market access. This listing on another major centralized exchange adds to the previous listings on LMAX Digital, Bitstamp, Zero Hash, and Bullish. With RLUSD now available on Kraken, individual traders have the opportunity to access the asset through a trusted US exchange. Back in January, Ripple partnered with Chainlink to incorporate RLUSD data feeds into the decentralized finance ecosystem, enhancing its use by a retail audience. Overall, the integration of RLUSD into Ripple Payments and its listing on Kraken align with Ripple’s broader effort to connect crypto infrastructure with regulated financial markets.
In conclusion, Ripple’s integration of RLUSD into its cross-border payments platform and the token’s listing on Kraken demonstrate significant growth and expansion opportunities for the US-pegged stablecoin. As RLUSD’s market cap continues to rise and its monthly transfer volume increases, it is becoming a more prominent player in both crypto-native and traditional finance markets. With plans to further incorporate RLUSD into its payment system and expand its role to additional enterprise customers, Ripple is continuing to solidify RLUSD’s position within the digital assets space. Additionally, the listing on Kraken provides increased market access for individual traders, further enhancing the token’s reach and usability within the broader financial ecosystem.
