Ripple's RLUSD stablecoin is now live on Kraken, marking a significant milestone for the digital asset. Trading commenced on Wednesday at 16:00 UTC, enabling users to buy, sell, and interact with the token. Within hours, RLUSD achieved an impressive $10 billion in cumulative trading volume, demonstrating strong market adoption.
Kraken Joins Growing List of RLUSD Supporters
The San Francisco-based exchange announced its listing with enthusiasm:
"We're thrilled to announce that RLUSD is now available for trading on Kraken!"
Key features highlighted by Kraken include:
- Full backing by cash and cash-equivalent reserves
- 1:1 USD redeemability
- Utility for payments, global settlements, and trading collateral
How to Access RLUSD on Kraken
- Navigate to your account's Funding tab
- Select RLUSD from the currency options
- Choose from supported networks for deposits
👉 Discover how top exchanges are adopting RLUSD
Note: Mobile trading and instant buy features remain temporarily unavailable pending liquidity requirements.
Kraken now joins an impressive roster of platforms supporting RLUSD, including:
- Archax
- Bitso
- Bitstamp
- Revolut
- Uphold
- Mercado Bitcoin
Ripple Payments Integrates RLUSD for Cross-Border Transactions
Beyond exchange listings, Ripple has strategically incorporated RLUSD into its Ripple Payments platform. This enterprise-grade solution offers:
- Near-global coverage across 90+ markets
- Instant connectivity to financial institutions
- Low-cost cross-border transactions
Jack McDonald, Ripple's SVP of Stablecoins, emphasized:
"RLUSD delivers enterprise utility right out of the box with its integration into our global payments infrastructure."
Early Adoption and Growth Metrics
- Market Cap: $250 million (reaching $200M within 3 months of launch)
- Monthly Transfer Volume: $720M (55% monthly growth)
- Trading Volume: Surpassed $10B milestone
Analysts attribute this rapid growth to:
- Strategic exchange listings
- Institutional adoption
- NGO utilization
- Enhanced accessibility via Chainlink data feeds
Frequently Asked Questions
What makes RLUSD different from other stablecoins?
RLUSD combines Ripple's enterprise-grade payment infrastructure with full reserve backing, making it particularly suited for institutional cross-border transactions.
When will mobile trading be available?
Kraken is working to enable mobile functionality once all liquidity requirements are met. Desktop trading is currently fully operational.
How does RLUSD maintain its peg?
The stablecoin maintains its 1:1 USD peg through:
- Cash reserves
- Regular audits
- Redemption mechanisms
👉 Explore RLUSD's growing ecosystem
What countries can access RLUSD?
Currently available in over 90 markets through Ripple Payments, with expanding availability on partner exchanges globally.
Market Outlook and Future Developments
Industry observers highlight several growth vectors for RLUSD:
- Enterprise Partnerships: Expected expansion beyond current clients like BKK Forex
- Retail Accessibility: Ongoing efforts to bridge institutional and retail markets
- Payment Innovations: Potential integration with emerging financial technologies
With its strong launch momentum and Ripple's established payment network, RLUSD appears positioned for continued adoption in the stablecoin ecosystem.