Ripple Payments, a platform that claims to process billions in transaction volume, now supports RLUSD for cross-border settlements, targeting institutional efficiency. The stablecoin, designed for enterprise use, emphasizes compliance and speed, contrasting with retail-focused alternatives. In a note sent to Bitcoin.com News, early adopters include payment providers BKK Forex and Isend, which are using RLUSD to optimize treasury operations.

Ripple further explained that RLUSD’s market capitalization has climbed to nearly $250 million, with $10 billion in cumulative trading volume since its debut. The stablecoin is now available on Kraken, LMAX Digital, Bitstamp, and other major exchanges, broadening access for retail and institutional users. Ripple stated that it plans to expand RLUSD’s role in its payments ecosystem over time.

Jack McDonald, Ripple’s SVP of Stablecoins, insisted that RLUSD is gaining traction as collateral in crypto and traditional finance markets, with NGOs exploring its use for donations. The stablecoin also supports decentralized finance (DeFi) integration and fiat-crypto transitions, enabling enterprises to settle payments instantly and manage liquidity.

“We’re additionally excited to enable RLUSD in Ripple Payments, extending the breadth of stablecoins available in our cross-border payments solution,” McDonald said on Wednesday. RLUSD is backed by Ripple’s New York-regulated limited purpose trust company. The asset facilitates tokenized real-world asset (RWA) trading, such as commodities and securities, on blockchain networks.

Ripple’s payments infrastructure leverages the XRP Ledger for low-cost transactions, though RLUSD operates as a separate stablecoin and is also issued on the Ethereum blockchain. The company has partnered with financial institutions globally to advance blockchain-based financial solutions. The integration, Ripple says, reflects the firm’s strategy to merge traditional finance (TradFi) with digital assets, emphasizing regulatory adherence.

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