Kraken Expands Crypto Offerings with Ripple’s RLUSD
Top crypto exchange Kraken has expanded its offerings by enabling trading for Ripple’s stablecoin, RLUSD.
This move signals increased support for the stablecoin, which has rapidly gained traction since its launch.
RLUSD, introduced in December 2024, is a dollar-pegged digital asset available on both the XRP Ledger and Ethereum blockchain. Despite being relatively new to the market, it has already amassed a market capitalization nearing $250 million. Kraken’s decision to list RLUSD aligns with its goal of supporting diverse crypto assets.
Ripple has been integrating RLUSD into its cross-border payment infrastructure. Unlike most stablecoins typically used for retail transactions, RLUSD is designed with a global enterprise focus. Ripple aims to leverage this stablecoin to enhance the efficiency of international payments, combining fast processing speeds with compliance measures. The company has already started using RLUSD with some of its clients, including BKK Forex and iSend, to optimize cross-border treasury operations. Future plans include expanding RLUSD’s use among Ripple’s payment partners.
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According to Ripple’s Senior VP of Stablecoins, Jack McDonald, RLUSD has seen faster growth than initially projected. The stablecoin is finding practical applications in both the crypto and traditional finance sectors, particularly as collateral in trading. McDonald also mentioned ongoing efforts to list RLUSD on additional exchanges and highlighted interest from non-profit organizations aiming to improve donation systems through stablecoin technology.
Kraken’s adoption of RLUSD reflects growing confidence in Ripple’s stablecoin strategy, indicating that RLUSD could play a significant role in the evolving crypto payment landscape.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
