Ripple’s USD-backed stablecoin, RLUSD, has officially launched on Kraken, one of the world’s leading cryptocurrency exchanges. This milestone follows strong market momentum, with RLUSD already surpassing $10 billion in cumulative trading volume and approaching a $250 million market cap.
Kraken Expands RLUSD Trading—What You Need to Know
Kraken confirmed on April 2 at 16:00 UTC that RLUSD trading is now active on its platform. Users can deposit and trade the stablecoin via the funding tab in their Kraken accounts, select RLUSD, and utilize supported blockchain networks.
According to Kraken’s official announcement, RLUSD is:
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Fully backed by cash and cash equivalents
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Redeemable 1:1 for USD
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Natively issued on the XRP Ledger and Ethereum
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Designed for enterprise payments, DeFi, and global settlements
While standard trading is now available, mobile and Instant Buy options are temporarily unavailable until liquidity requirements are met. Kraken assured users that these features would roll out once sufficient trading activity supports stable order execution.
RLUSD Gains Adoption Across Global Exchanges
Beyond Kraken, RLUSD is already supported by major platforms, including:
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Bitstamp, Uphold, Bitso, Coinmena, Moonpay, Revolut, and LMAX Digital
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Institutional trading firms like Keyrock, Bullish, and Flowdesk
Ripple has actively expanded RLUSD’s presence, integrating it into Ripple Payments for enterprise transactions, asset tokenization, and DeFi applications. The stablecoin’s rapid growth has been fueled by increasing financial institution and NGO adoption, strengthening its position in the stablecoin sector.
What’s Next for RLUSD?
Ripple’s CEO, Brad Garlinghouse, has emphasized the company’s focus on regulated and transparent digital currencies. As RLUSD continues to gain adoption, it is positioned as a serious competitor to established stablecoins like USDT and USDC.
With Ripple’s ongoing partnerships and institutional adoption, RLUSD could play a major role in cross-border payments and blockchain-based finance. As trading expands across global exchanges, Kraken’s listing marks a critical milestone in RLUSD’s evolution.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions.
