Ripple announced the listing of its stablecoin, revealed at the end of 2024, on the Kraken platform, one of the largest and oldest digital asset trading platforms.
The expansion of support for the stablecoin RLUSD comes as its market value approaches $250 million, a significant level considering it has been less than four months since its launch.
The stablecoin RLUSD is available on several major trading platforms, including:
LMAX Digital, Zero Hash, Bitstamp, and Bullish.
According to statements by "Jack McDonald", Senior Vice President of Stablecoins at Ripple:
> "The market value of RLUSD has exceeded the company's initial estimates, and it is used in multiple ways, including as collateral in cryptocurrency markets and traditional finance."
Despite the rapid expansion the currency is experiencing, it is still far from reaching the level of leading stable digital currencies.
for USDT and USDC.