Ripple, a Blockchain service centered on the company closely linked to the Ledger XRP (XRP), said Wednesday that it has integrated its stablecoin to the company’s cross -border payment system to boost the adoption of Ripple USD (RLUSD).
Selected Ripple payments, including cross -border payments, BKK Forex and Isend are already using the stablecoin to improve their treasure operations, said the company. Ripple plans to further expand the availability of your token token from payments customers.
In addition, Crypto Exchange Kraken added Rlusd to its platform, after recent listings in LMAX and Bitstamp.
Ripple entered the fast -growing Stablecoin market with its cryptocurrency supported by US government bonds. UU. After receiving the regulatory approval of the New York Financial Services Department in New York in December.
Since then, Rlusd reached a market capitalization of $ 244 million, growing 87% during the past month and reached a monthly transfer volume of $ 860 million, as shown in the data of RWA.XYZ.
Jack McDonald, Senior Vice President of Ripple, said in a statement that Rlusd’s growth is “overcoming our internal projections” with the adoption covered by multiple financial sectors. Ripple is also working with the NGOs that explore the stable for a more efficient help distribution, he added.
