Kraken News: Kraken Lists Ripple’s Stablecoin RLUSD, XRP Price Holds Crucial Support

XRP Price Hangs on a Thread as Kraken Adds RLUSD

The XRP price was trading above a crucial support level on Wednesday after Kraken, a top American crypto exchange, added Ripple USD (RLUSD), its stablecoin. Ripple (XRP) was trading at $2.10, down over 37% from its highest level this year, with a market cap of $126 billion, making it the fourth-largest cryptocurrency. RLUSD has been growing steadily since its launch a few months ago, with a market cap of $243 million and a 24-hour volume consistently topping $70 million, indicating active use in payments and trading.

Ripple’s RLUSD Debuts On Kraken, Boosted by Cross-Border Payments Platform Integration

San Francisco-based blockchain firm Ripple has announced the launch of its U.S. dollar-pegged stablecoin, RLUSD, on Kraken, a well-established American digital asset exchange. The stablecoin has also been integrated into Ripple’s cross-border payments system. Kraken joins a list of platforms supporting RLUSD, including LMAX Digital, Zero Hash, Bitstamp, and Bullish. Ripple plans to work with international entities to boost RLUSD’s reach and accessibility.