Close Menu
AsiaTokenFundAsiaTokenFund
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
What's Hot

Ripple Price Prediction As SEC Approves First XRP ETF

July 2, 2025

Erebor Emerges With Thiel Support to Serve Start-ups Post-SVB

July 2, 2025

Michael Saylor Drops $500M On Bitcoin—What’s His Next Move?

July 1, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) YouTube LinkedIn
AsiaTokenFundAsiaTokenFund
ATF Capital
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
AsiaTokenFundAsiaTokenFund

Ripple integrates its RLUSD stablecoin into Ripple Payments

0
By Aggregated - see source on April 2, 2025 Crypto News
Share
Facebook Twitter LinkedIn Pinterest Email

  • Ripple has added the RLUSD stablecoin to its payments solution as the company targets further adoption.
  • Stablecoin regulation continues to gather pace with key bills before the US Congress.
  • Ripple launched the US dollar-pegged stablecoin in December 2024 and has see it grow to over $250 million.

Ripple is bringing its stablecoin Ripple USD (RLUSD) to its cross-border payments solution, according to an announcement the firm published on April 2, 2025.

According to the announcement, Ripple is integrating RLUSD into the payments platform as it looks to offer access to a faster, cheaper, and more reliable way for businesses to move money across borders.

Ripple’s RLUSD seeing growth

RLUSD, a stablecoin pegged 1:1 to the US dollar, is currently a $250 million market cap product. The launch and its rollout into the cross-border solution is a major move for Ripple.

Currently, the stablecoin continues to grow with Ripple Payments customers such as BKK Forex and iSend using it for treasury management and global settlements. The expansion means further growth that could see RLUSD become a key asset for banks, financial institutions, and payment service providers.

Apart from the cross-border payments use case, Ripple also has eyes on decentralized finance and the rapidly expanding asset tokenization market. Stablecoins are a huge part of the DeFi and real-world assets ecosystems.

“We’re seeing the market cap continue to grow, outpacing our internal projections. In short order, RLUSD is being used for a number of use cases, including use as collateral in both crypto and tradfi trading markets. New exchanges are listing RLUSD on an ongoing basis and we’re actively working with NGOs who see the opportunity to streamline giving through stablecoins,” said Jack McDonald, Ripple’s SVP of stablecoins.

McDonald also commented on the integration via a post on X.

As promised, RLUSD is now integrated into Ripple Payments — our cross-border payments solution with near-global coverage through 90+ payout markets, and instant connections to banks, FIs, payment service providers, exchanges and many more around the world. Enterprise utility… https://t.co/iAkjfNbkKI

— Jack McDonald (@_JackMcDonald_) April 2, 2025

Stablecoin regulation

Ripple, which also developed the XRP cryptocurrency and the distributed ledger technology platform XRP Ledger, has recently struck major legal victories in the US, including the end of the long-running lawsuit from the Securities and Exchange Commission.

Its launch of RUSD in December 2024 also marked a major milestone for the company.

In 2025, Ripple is gunning for prominence in the crypto space, with a supportive environment under US president Donald Trump a key factor. Notably, the integration of RLUSD into Ripple Payments comes as the Congress looks to pass key stablecoin regulation laws.

Trump recently urged lawmakers to pass the bill and bring it for signing into law as soon as possible.

Ripple secured regulatory approval from the New York Department of Financial Services (NYDFS) ahead of its unveiling of the RLUSD. The company is regulated as a limited purpose trust company in New York.


Share this article

Categories

Tags



Credit: Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEC approves Grayscale’s conversion of BTC, ETH, SOL, XRP fund into an ETF

July 1, 2025

Bitcoin Cash BCH Hits 8-Month High After 75% Rally in 90 Days

July 1, 2025

Beeline Strengthens Balance Sheet in June with $6.5M Capital Raise and Major Debt Reduction

July 1, 2025
Leave A Reply Cancel Reply

What's New Here!

Ripple Price Prediction As SEC Approves First XRP ETF

July 2, 2025

Erebor Emerges With Thiel Support to Serve Start-ups Post-SVB

July 2, 2025

Michael Saylor Drops $500M On Bitcoin—What’s His Next Move?

July 1, 2025

DeFi Development Announces Plans to Raise $100M to Buy More Solana: What Next for SOL Price?

July 1, 2025
AsiaTokenFund
Facebook X (Twitter) LinkedIn YouTube
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
© 2025 asiatokenfund.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.