Ripple’s RLUSD Stablecoin Now on Kraken, iSend, and BKK Forex
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Ripple’s stablecoin just went live on Kraken, one of the largest and most popular crypto exchanges, allowing users to start performing real-time cross-border payments.
The launch of the stablecoin represents a key move in Ripple’s broader strategy that depends on integrating RLUSD into its payment infrastructure. However, it will also help the company push further into the growing stablecoin arena, which is becoming more important than ever.
The demand for reliable and trustworthy stablecoins is climbing, and the US is finally working on creating proper legislative frameworks to regulate this type of asset.
But, apart from going live on Kraken, the new stablecoin is also now being used by iSend and BKK Forex, two of Ripple’s payment platform partners who are using RLUSD to streamline cross-border treasury operations. Moving forward, more partners are likely to follow and start using the new stablecoin.
Commenting on the move in a statement, Ripple said that RLUSD is being used in the payment flow with select customers. However, it added that the stablecoin will become available to other institutional clients on the network in due time.
RLUSD Adoption And Use Cases Are On The Rise
While RLUSD started seeing greater usage with the launch on Kraken, it has actually been live since December 2024. Since then, its market cap surged to over $240 million.
Jack McDonald, Ripple’s SVP of Stablecoins, stated that RLUSD is starting to see demand in both crypto and traditional finance markets. Some have even started using it as collateral in trading environments.
He added that the market cap is slowly growing, and that the number of its use cases is increasing, as well. This could be due to the fact that the stablecoins are once again commonly mentioned in the headlines, now that lawmakers are getting ready to vote on the mentioned stablecoin legislation that could set clearer rules regarding oversight and issuance.
The optimism surrounding fiat-pegged cryptos is also seeing the launch of more new stablecoins, such as one that is being rolled out by Trump’s DeFi project, World Liberty Financial.
