XRP News: Ripple Expands RLUSD Adoption for Enhanced Cross-Border Payments

Ripple has made a significant move in the world of cryptocurrency by integrating its stablecoin, Ripple USD (RLUSD), into its cross-border payment network, Ripple Payments. This development promises faster, more efficient, and cost-effective transactions for businesses worldwide.

Ripple Expands RLUSD Adoption for Faster, Low-Cost Payments

Ripple has officially integrated its stablecoin, Ripple USD (RLUSD), into Ripple Payments, enhancing its cross-border payment network. This move makes transactions faster and more efficient, providing near-instant settlements and lowering costs for companies. RLUSD, intended specifically for financial companies, now offers enterprise-grade utility. The stablecoin is also available on Kraken, expanding its global accessibility. With a market capitalization nearing $250 million, RLUSD shows strong adoption in the financial sector.

Ripple Launches RLUSD Stablecoin on Kraken, XRP Price Dips

Ripple has introduced its RLUSD stablecoin to the market through its launch on Kraken cryptocurrency exchange. The USD-pegged stablecoin aims to boost Ripple’s cross-border payment functions and integrate with its payment platform. Since its launch in December, RLUSD has achieved a market capitalization of $250 million. Ripple has also locked 700M XRP tokens in escrow, impacting XRP’s price. RLUSD is being used in cross-border payments with key partners such as BKK Forex and iSend, improving their treasury functions which could drive more adoption.

Ripple Lawsuit News: SEC to Decide on XRP Appeal in Key Vote on April 3?

Ripple CEO Brad Garlinghouse recently announced that Ripple had won its long-standing legal battle against the SEC. The regulatory body decided to drop its appeal, ending over four years of legal disputes. This decision provides relief to Ripple and its supporters. The appeal had been filed in January, following a series of court rulings in Ripple’s favor. Despite SEC Chairman Gary Gensler’s resignation, the agency pursued the appeal, frustrating Ripple and the crypto community. The SEC had claimed Ripple’s sales of XRP constituted securities violation.

XRP Set to Explode? Shocking Price Move Could Send It Soaring to $3

Ripple’s XRP is navigating through a volatile phase, struggling to maintain crucial support as Bitcoin’s dramatic price movement impacts the broader market. At the time of writing, XRP is trading at $2.06, with a 24-hour trading volume of $11.86 billion and a market capitalization of $120.14 billion. Despite short-term uncertainty, April could see significant price action, with a potential rally of up to 70%. The token may revisit lower levels before moving toward the upper range.