Ripple $2.2 Labs’ new stablecoin RLUSD attracts attention with its potential to increase XRP trade volume. Ripple’s Chief Technology Officer David Schwartz stated that this new asset will strengthen the XRPL ecosystem and accelerate on-chain applications. RLUSD entered the markets with the approval of the New York Department of Financial Services (NYDFS).
RLUSD’s Performance and Contribution to XRPL
RLUSD is backed by US dollar deposits, cash equivalents and treasury bills. Launched as of December 10, RLUSD has already reached a market value of $50 million by Ripple. In contrast, the daily trading volume of its stablecoin remains at approximately $80,000, according to CoinMarketCap data.
Ripple CTO Schwartz stated that RLUSD will support new on-chain applications based on XRPL. “RLUSD will further solidify XRP’s role as a bridging asset between developers and applications,” Schwartz said. Stablecoin can accelerate on-chain activities in areas such as Real World Asset (RWA) tokenization, foreign exchange and settlement transactions. RLUSD is expected to strengthen the role XRP plays in international payments in new areas.
Ethereum Integration and Ripple Payments
RLUSD wasn’t just built on the XRP Ledger; Ethereum 
$3,336.4 It provides users with access to the decentralized finance (DeFi) ecosystem with the support of its network. Ripple announced that it will integrate RLUSD into its global payment network Ripple Payments. This integration focuses on providing speed and cost advantages in cross-border payments.
Ripple President Monica Long had previously emphasized that XRP was developed primarily for international payments. Long stated that RLUSD will focus on liquidity and RWA tokenization. Thanks to Ethereum integration, the stablecoin is compatible with dApps and Ethereum-based wallets. Schwartz said this move will make RLUSD a major player in the stablecoin market.
Ripple’s new stablecoin, RLUSD, aims to expand the XRPL ecosystem and increase XRP trading volume. Ethereum support and Ripple Payments integration facilitate the adoption of RLUSD as an active asset in both DeFi applications and cross-border payments.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
