#XRP Ripple has integrated its stablecoin RLUSD into its cross-border payment system, Ripple Payments, to enhance liquidity and efficiency in international transactions. Since its launch in December 2024, RLUSD has experienced significant growth, reaching a market capitalization of 244 million dollars and a monthly transfer volume of 860 million dollars.
RLUSD is a stablecoin backed 1:1 by US dollars, US government bonds, and cash equivalents, designed to provide stability and trust in the digital financial ecosystem. It is available on the XRP Ledger and Ethereum networks, allowing for broad interoperability and use in various financial applications.
Additionally, Ripple has activated a recovery amendment on the XRP Ledger, known as "clawback," which allows issuers to recover tokens under certain conditions. This feature enhances regulatory compliance and facilitates the integration of RLUSD into decentralized exchanges and DeFi protocols.
To further drive the adoption of RLUSD, Ripple has established a partnership with Chainlink, integrating its price oracles to provide reliable on-chain market data. This collaboration facilitates the incorporation of RLUSD into DeFi applications, such as lending and decentralized trading.
In summary, Ripple is strengthening its position in the stablecoin market by expanding RLUSD, its integration into global payment systems, and collaborating with key platforms in the DeFi ecosystem.