Ripple’s RLUSD Stablecoin Expands to Kraken, Market Cap Nears $250M
Highlights:
- RLUSD’s market cap has reached over $240 million, signaling rapid growth.
- Ripple integrates RLUSD into Ripple Payments to improve cross-border transactions.
- Kraken joins other exchanges in listing RLUSD, increasing user access.
RLUSD, Ripple’s stablecoin, has gained traction in the market with a market capitalization of almost $250 million since it was launched in December 2024. The US dollar-backed stablecoin has also become popular amounting to $10 billion trading volume up to date. The growth of RLUSD remains rapid as Ripple extends its coverage in different platforms globally.
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RLUSD Gains Ground in Cross-Border Payments and Financial Services
As per the statement, RLUSD is also venturing into the financial services sector to diversify. Ripple has also added the stablecoin into its Ripple Payments, with the aim of improving efficiency in cross border payments. RLUSD remains useful for enterprises and its operations associated with remittances it provides real-time settlement of cross-border transactions. The stablecoin can be used by businesses to easily convert between traditional fiat currencies and cryptocurrencies, making it convenient for global transactions.
Stablecoins should be trusted, compliance-first, and built for real-world finance—RLUSD is setting the standard.
Now live in Ripple Payments, RLUSD powers enterprise payments, asset tokenization & DeFi: https://t.co/kWNmSlp3O3
📈 Nearing $250M market cap
📶 $10B+ in trading…— Ripple (@Ripple) April 2, 2025
Ripple has already implemented the use of RLUSD in treasury management with some onboarded customers, such as cross-border payment service providers like BKK Forex and iSend. As Ripple continues to make the stablecoin more accessible, more customers are expected to use RLUSD in cross-border payments due to its stability and efficiency.
The stablecoin is also becoming essential in DeFi, providing liquidity as well as enabling on-chain transactions in tokenized real-world assets. The firm is also venturing into the prospects of RLUSD in Non-Governmental Organizations by planning to involve the stablecoin in effective aid delivery.
Ripple Partners with Exchanges and Payment Providers
Apart from the ongoing success, Ripple has achieved strategic partnerships with exchanges such as LMAX Digital, Zero Hash, Bitstamp, and Bullish. Most recently, Kraken, one of the leading exchange platforms in the crypto industry, listed it. This is a major step forward for Ripple’s efforts to push RLUSD in the crypto market. The listing on Kraken also improves the accessibility of RLUSD to retail customers as they can directly access the stablecoin.
🔊 $RLUSD @ripple is now available for trading on Kraken!
✔️ Deposits and withdrawals are enabled
🎉 Trading is now live!
Trade here ⤵️https://t.co/EbU16A6sy0
*Geographic restrictions apply pic.twitter.com/oinEZBMZfs
— Kraken Exchange (@krakenfx) April 2, 2025
Ripple also remains active in establishing partnerships with top tier companies across the world. Jack McDonald, Ripple’s SVP for stablecoins, stated that the market capitalization of RLUSD has even exceeded their expectations within Ripple. He stressed RLUSD’s utilization in various financial operations, for instance as collateral in the crypto and traditional finance markets.
RLUSD Continues to Set the Standard in Stablecoin Market
As it operates with the approval of the New York Department of Financial Services (NYDFS), RLUSD distinguishes itself in the crowded stablecoin space. The stablecoin is gaining more recognition because of its compliance-first model, which puts it in a better competitive position. RLUSD is relatively stable for different applications ranging from remittances to decentralized finance.
As of April 2, 2025, RLUSD is the 22nd largest stablecoin in the market with a market capitalization of about $244 million. This rapid growth was through its price increase of 87% in the last month proving the token’s adoption and overall capacity for growth.
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Raymond Munene
Raymond Munene is a crypto content writer who contributes to Crypto2Community. With over three years of experience, he is interested in Bitcoin, Blockchain, and Technical Analysis. Focusing on daily market analysis, his research helps traders and investors alike. His particular interest in cryptocurrency and blockchain aids his audience.
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