Excerpt from their press release (April 2, 2025):
Today, Ripple has enabled RLUSD cross-border payments in its flagship payments solution, which processes billions of dollars in volume. Unlike many stablecoins, which are designed for retail use, RLUSD has built-in global enterprise utility to improve the speed and efficiency of cross-border payments.
Ripple is combining years of expertise in payments, an extensive payout network with near-global coverage, and a high-quality, stablecoin built with compliance at its core, to provide fast, low-cost and scalable cross-border payments. Today, RLUSD is being used in the payment flow with select customers, including cross-border payment providers BKK Forex and iSend to improve their cross-border treasury operations. Over time, Ripple will also expand the use of RLUSD for our payments customers.
RLUSD is ideal for a number of financial use cases, allowing enterprises to:
- Facilitate instant settlement of cross-border payments.
- Access liquidity for remittance and treasury operations.
- Seamlessly integrate with decentralized finance (DeFi) protocols.
- Reliably bridge between traditional fiat currencies and the crypto ecosystem, ensuring a seamless and efficient transition when entering (on-ramping) or exiting (off-ramping) the crypto space.
- Provide collateralization for trading tokenized real-world assets such as commodities, securities, and treasuries onchain.
