Ripple has integrated its stablecoin, Ripple USD (RLUSD), into Ripple Payments to enhance cross-border transactions.
RLUSD is primarily intended for financial companies, providing enterprise-grade utility and enabling near-instant settlements for lower costs and enhanced liquidity management.
RLUSD is rapidly gaining adoption and approaching a market capitalization of $250 million, with over $10 billion in trading volume.
RLUSD is now available on Kraken, expanding its accessibility and allowing more users to trade, hold, and use it for various financial operations.