Ripple Inc. announces the introduction of Ripple Payments for the stablecoin "RLUSD".

## Promoting the Practicality and Demand of RLUSD

Ripple announced on the 2nd that its stablecoin "RLUSD" is now available for use in the international remittance solution "Ripple Payments."

Many stablecoins are primarily designed for general use, but RLUSD is developed to facilitate faster and more efficient remittances and payments for businesses. It is expected that the introduction of Ripple Payments will further promote the practicality and demand for RLUSD among enterprises.

RLUSD is a US dollar stablecoin launched in mid-December 2024. According to data from "CoinGecko", its market capitalization has increased to over $290 million (approximately 43.5 billion yen).

Ripple explained that RLUSD is already being used by multiple international remittance providers. Since its launch, transactions worth $10 billion (approximately 1.5 trillion yen) have been conducted, and it aims to continue collaborating with major partners to ensure RLUSD is utilized globally.

Jack McDonald, the Senior Vice President of Stablecoins at Ripple, made the following comment regarding this announcement.

The market capitalization of RLUSD continues to rise at a pace that exceeds our expectations. Soon, many use cases will emerge in the markets of crypto assets (virtual currencies) and traditional finance, including collateral. The listing on exchanges is also being continuously advanced.

We are actively collaborating with non-profit organizations that are trying to streamline donations through stablecoins.

Related: Ripple's stablecoin "RLUSD" × Strategy for institutional investors, collaboration with SBI

RLUSD use cases

As mentioned above, RLUSD is a stablecoin that emphasizes reliability and compliance, making it easy for businesses to use. It is developed for enterprises to utilize not only for international remittances but also for financial management, DeFi (decentralized finance), cryptocurrency businesses, and trading tokenized RWA (real-world assets).

What is RWA?

Abbreviation for "Real World Asset". RWA that is tokenized on the blockchain includes physical assets such as real estate, artworks, trading cards, and securities such as stocks and bonds.

On the other hand, it is also possible for individual investors and consumers to use and trade. On the 2nd, major cryptocurrency exchange Kraken listed RLUSD.

Last month, Ripple announced that it has obtained authorization from the Dubai Financial Services Authority (DFSA) to provide cryptocurrency payment methods and services at the Dubai International Financial Centre (DIFC).

At this time, in the Middle East, there is an increasing demand for solutions to replace the previously inefficient means of international remittance between cryptocurrency companies and traditional financial institutions. It was also mentioned that the promotion of stablecoin adoption is expected in the payment business.

Related: Ripple acquires business license from the Dubai International Financial Centre, with expectations for stablecoin adoption.

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