Ripple's RLUSD Surges 118% as Payment Integration Fuels Growth

TLDR:

Table of Contents

RLUSD stablecoin has been integrated into Ripple’s cross-border payments platform
The stablecoin reached nearly $200 million market cap in March with 118% monthly growth
Kraken has listed RLUSD, joining exchanges like LMAX Digital and Bitstamp
Transfer volume increased to over $720 million in March, up 54.6% from the previous month
Select customers including BKK Forex and iSend are already using RLUSD for treasury operations

Ripple has officially integrated its US dollar-pegged stablecoin RLUSD into its enterprise-grade cross-border payments platform, Ripple Payments. The move comes as RLUSD experiences rapid growth since its launch in December 2024.

According to data from Artemis, RLUSD’s market cap has jumped to nearly $200 million as of March 2025. This represents a 118% monthly growth rate. The stablecoin has only been in circulation for about four months.

The token’s growing popularity is also reflected in its transfer volume. Monthly transfers increased from $466 million to over $720 million last month. This marks a 54.6% growth in transaction activity.

Exchange Listings Expand Access

In addition to the Ripple Payments integration, RLUSD has been listed on Kraken. This adds another major centralized exchange to the stablecoin’s market presence.

RLUSD was already available on several other exchanges. These include LMAX Digital, Bitstamp, Zero Hash, and Bullish. The Kraken listing further increases access for both institutional and retail users.

The expansion to Kraken follows earlier moves to increase RLUSD’s utility. In January, Ripple partnered with Chainlink to add RLUSD data feeds to the decentralized finance ecosystem.

This partnership was designed to enhance the stablecoin’s accessibility for retail users. It shows Ripple’s efforts to expand RLUSD’s footprint across different market segments.

Cross-Border Payment Integration

The integration with Ripple Payments represents a key development for RLUSD. It’s being implemented as part of a phased rollout strategy.

Select customers are already using the stablecoin in their operations. BKK Forex and iSend are utilizing RLUSD for cross-border treasury functions. These early adopters are testing the practical applications of the stablecoin.

Jack McDonald, Ripple’s Senior Vice President of stablecoins, noted that RLUSD is being used across multiple financial sectors. It’s gaining traction in both crypto-native markets and traditional finance.

One key use case is as collateral for tokenized real-world assets. This highlights the stablecoin’s growing utility beyond simple value transfer.

Unlike many retail-focused stablecoins, RLUSD is designed specifically for institutional flows. Ripple plans to expand the stablecoin’s role in its payment system over time.

Exceeding Growth Projections

According to McDonald, RLUSD’s growth is “outpacing our internal projections.” This suggests the stablecoin is performing better than Ripple’s initial expectations.

The regulatory foundation for RLUSD was established before its launch. Ripple received approval from the New York Department of Financial Services (NYDFS) in December 2024.

RLUSD is backed by short-term U.S. government bonds. This provides a secure and transparent foundation for the stablecoin.

Beyond commercial applications, Ripple is exploring humanitarian use cases. The company is working with NGOs to test stablecoins for more efficient aid distribution.

This shows Ripple’s interest in finding diverse applications for RLUSD. The company appears committed to expanding the stablecoin’s utility across different sectors.

The integration of RLUSD into Ripple Payments and its listing on Kraken reflect a broader strategy. Ripple seems focused on bridging crypto infrastructure with regulated financial markets through its stablecoin offerings.

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