Ripple Launches Its Stablecoin RLUSD on the Kraken Platform: Details
Ripple has announced the listing of its stablecoin, which was announced at the end of 2024, on the Kraken platform, one of the largest and most prestigious cryptocurrency trading platforms.
The expansion of support for the stablecoin RLUSD comes as the market value of the coin approaches $250 million, which is a good figure considering the time since the coin's launch, estimated to be less than 4 months.
The stablecoin RLUSD is supported by several trading platforms, including:
LMAX Digital, Zero Hash, Bitstamp, and Bullish.
Jack McDonald, the Senior Vice President of Stablecoins at Ripple, stated:
The market value of RLUSD has exceeded the company's internal expectations.
The coin is used in various ways, including as collateral in both cryptocurrency trading markets and traditional finance.
Despite the significant expansion and growth recorded by RLUSD, it is still far behind the leaders of the stablecoin market, USDT and USDC.
