Ripple Launches RLUSD on Kraken, Expands Payments Solutions
Ripple’s RLUSD stablecoin is making significant strides as it launches on Kraken and integrates into the company’s payment platform.
The move comes as the stablecoin market heats up, with U.S. lawmakers seeking regulatory clarity and adoption increasing across the globe. Ripple has positioned its RLUSD token for expanded use, aiming to build on its growing market cap, which now exceeds $240 million since its debut in December.
RLUSD is already in use for cross-border payments within Ripple’s flagship payments solution. The token is helping clients like BKK Forex and iSend optimize their cross-border treasury operations. Ripple plans to allow more customers to access RLUSD on its platform, further pushing its adoption and functionality. Ripple’s senior vice president of stablecoins, Jack McDonald, pointed out that RLUSD is also being used as collateral in both crypto and traditional financial markets, signaling growing demand.
As stablecoins gain prominence, lawmakers in the U.S. are gearing up to vote on stablecoin regulations, making the regulatory landscape increasingly important for market players. Meanwhile, global stablecoin usage continues to rise, with Tether’s USDT maintaining its dominance. As the market matures, major financial institutions, including Bank of America, may follow Ripple’s lead by launching their own stablecoins.
The launch of RLUSD on Kraken is part of Ripple’s strategy to provide innovative solutions in the evolving payments space. With the global interest in stablecoins surging and regulatory clarity on the horizon, Ripple is poised to expand its influence and remain a key player in the digital asset ecosystem.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
