Ripple's RLUSD Revolution: Stablecoin Set to Disrupt Cross-Border Payments

Ripple has successfully rolled out its RLUSD stablecoin on Ripple Payments, incorporating it into their cross-border payments solution to improve the speed and efficiency of cross-border transactions, with early adoption by clients such as BKK Forex and iSend. Since its introduction in December 2024, RLUSD has achieved a market capitalization of almost $250 million and traded nearly $10 billion since its inception, surpassing internal estimates and witnessing robust market demand.

RLUSD is currently traded on large exchanges such as Kraken and Bitstamp, broadening its reach, and is being used beyond payment as collateral in markets of trade and tested by NGOs for effective provision of aid. Ripple's move into stablecoins is to take on established leaders such as USDT and USDC and possibly redefine global finance using a compliance-oriented system, issued through a NYDFS-regulated institution, essential for instilling trust among institutional investors.

In total, the addition of RLUSD to Ripple Payments marks a significant leap for Ripple's cross-border payments, tapping the stablecoin's efficiency and regulatory compliance to support global financial transactions and compete in the wider stablecoin market