#Ripple incorporates the RLUSD stablecoin into its system for cross-border payments.#
Since its December launch, Ripple USD's market capitalization has grown 87% to $244 million.
Ripple Payments, its cross-border payment system, now incorporates its stablecoin, RLUSD.
One asset type that is expanding quickly is stablecoins. After receiving regulatory approval from NYDFS, Ripple made its debut in the fiercely competitive market in December.
According to Jack McDonald, head of Ripple's stablecoin, RLUSD's growth is "outpacing our internal forecasts".
In an effort to increase the uptake of Ripple USD (RLUSD), the enterprise-focused blockchain service Ripple, which is closely associated with the XRP Ledger (XRP), announced on Wednesday that it has incorporated its stablecoin to the business's cross-border payments system.