RLUSD

Ripple is backing an RLUSD credit fund as XRP experiences what is reported to be its best week in months.

XRP holders can now borrow RLUSD on Ethereum through a $280 million lending pool. This new financial service expands borrowing options for cryptocurrency holders.

Ripple has launched Mint, a new platform aimed at expanding institutional access to its stablecoin RLUSD. The stablecoin’s market cap is nearing $1.6 billion.

Ripple’s RLUSD receives two boosts despite a 25% drop in transfer volume. The developments occur amid declining transaction activity for the stablecoin.

RLUSD is a regulated stablecoin issued by Ripple Labs, designed to maintain a 1:1 value with the U.S. dollar. It is backed by cash, short-term U.S. Treasury bills, and cash equivalents, and is redeemable for U.S. dollars by approved entities.

Ripple's RLUSD stablecoin has been approved by Japanese regulators and is now operational in the country. The launch follows regulatory clearance, marking its availability in Japan.

Ripple has launched its RLUSD stablecoin in Japan following regulatory approval. The stablecoin is available through SBI VC Trade for institutional and retail users in the country.

Cross-chain platform Squid has integrated Ripple's RLUSD stablecoin, allowing users to swap into and out of RLUSD across chains and assets.

Ripple has invested in Flutterwave's $3.2 billion Series E funding round. The investment includes integrating RLUSD and XRP Ledger across 34 African markets.

Ripple is advocating for AI agents to use XRP and RLUSD as payment methods, though the market remains predominantly reliant on USDC.

Mastercard is expanding its stablecoin settlement capabilities by incorporating Circle's USDC and Ripple's RLUSD, aiming to support the 'always-on' economy. The company is enhancing its commitment to real-time financial services through these partnerships.

Mastercard has expanded its support to include USDC, PYUSD, and RLUSD stablecoins, enabling new settlement options across multiple blockchains. The payments giant will now facilitate transactions using these stablecoins on various blockchain networks.

Mastercard expanded its stablecoin settlement options to include USDC, PYUSD, and RLUSD, enabling intraday, weekend, and holiday card settlements across its payments network.

Ripple and OKX have expanded access to RLUSD, enabling OKX customers to use the stablecoin for trading and collateralizing positions in both spot and derivatives markets. Over 280 spot pairs now support RLUSD, enhancing its utility in crypto trading.

Wanchain has enabled cross-chain functionality for RLUSD, a regulated stablecoin custodied by BNY Mellon and approved by NYDFS and OCC, across XRP Ledger, Ethereum, Wanchain, and Cardano. The decentralized bridge allows DeFi applications like cross-chain lending, arbitrage, and yield farming without centralized exchanges.

Ripple is testing its RLUSD stablecoin within Singapore’s Monetary Authority of Singapore (MAS) sandbox to facilitate conditional trade settlements. However, the test does not equate to full regulatory approval from MAS.