Ripple’s RLUSD combines years of expertise in payments, an extensive payout network, and a stablecoin built with compliance as its core.
Ripple announced that the Ripple USD (RLUSD) stablecoin has been integrated into Ripple’s flagship payments solution, Ripple Payments, driving enterprise utility and demand for the asset.
RLUSD is a USD-denominated stablecoin with nearly $250M in market capitalisation, and is said to have built-in global enterprise utility to improve the speed and efficiency of cross-border payments.
“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 Jack McDonald, SVP of Stablecoins at Ripple. “We’re additionally excited to enable RLUSD in Ripple Payments, extending the breadth of stablecoins available in our cross-border payments solution.”
RLUSD is supposedly ideal for cases like cross-border payments, seamless integration with decentralised finance (DeFi) protocols, and collateralisation for trading tokenised real-world assets.
