Ripple has integrated its RLUSD stablecoin into its payments solution to provide faster, cheaper, and more reliable cross-border money transfers for businesses.
RLUSD, a stablecoin pegged 1:1 to the US dollar, has a market cap of over $250 million and is being used by Ripple Payments customers for treasury management and global settlements.
The integration of RLUSD into Ripple Payments is part of Ripple's strategy to expand its presence in the decentralized finance (DeFi) and asset tokenization markets.
Ripple has recently achieved legal victories, including the conclusion of a lawsuit with the Securities and Exchange Commission, and aims for prominence in the crypto space with the support of the US government.