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Ripple Adds RLUSD Stablecoin to Cross-Border Payments Platform

  • Ripple has added its US dollar-backed stablecoin, RLUSD, to its cross-border payments platform.
  • RLUSD is designed for business applications and aims to improve the speed and reduce the cost of international payments.
  • The stablecoin is issued via a NYDFS regulated entity and has a market capitalization of nearly $250 million.
  • Selected customers, including BKK Forex and iSend, are already using RLUSD for cross-border treasury operations.

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