Ripple has integrated its stablecoin RLUSD into its enterprise payment platform, advancing its push to make the token a central piece of global money movement.
What Happened: The blockchain company said select financial partners are already using the stablecoin to streamline operations and manage liquidity more effectively, Coindesk reported on Wednesday.
Clients such as BKK Forex and iSend have begun leveraging RLUSD for cross-border payment flows, marking one of the earliest real-world applications of the token in institutional finance.
Ripple XRP/USD confirmed plans to extend the stablecoin’s use across its broader customer base in the near future.
RLUSD is gaining traction on major trading platforms.
Crypto exchange Kraken recently added the asset to its listings, joining earlier adopters such as LMAX and Bitstamp, as Ripple ramps up its distribution strategy.
Backed by short-term U.S. Treasury securities, RLUSD entered the stablecoin arena in December 2024 after winning approval from the New York Department of Financial Services.
Also Read: Bitcoin Braces For Trump Tariff Announcement: ‘Short-Term Optimism’ Has The Upper Hand, Experts Say
Why It Matters: The move positioned Ripple as a serious player in the fast-expanding world of regulated digital dollars.
Since its launch, RLUSD has experienced rapid growth.
According to data from rwa.xyz, the token now holds a market capitalization of $244 million—an 87% increase over the past month alone—with monthly transfer volumes nearing $860 million.
Jack McDonald, Ripple’s head of stablecoin initiatives, said the token’s adoption is exceeding expectations.
“We’re seeing strong uptake across financial services and growing interest from nonprofits looking to improve aid distribution,” he said.
Ripple’s latest push comes amid intensifying competition in the stablecoin sector, as firms race to meet the demand for regulated, fiat-pegged digital assets with real-world utility.
Read Next:
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
