Launched in late 2024, Ripple’s enterprise-focused RLUSD stablecoin has hit a $500 million market cap in less than seven months.
Ripple’s US dollar-pegged stablecoin, Ripple USD (RLUSD), has received a significant boost by integrating with Transak, a major cryptocurrency payments platform.
Transak has officially integrated support for the Ripple USD stablecoin, enabling its 8.3 million users to purchase RLUSD using multiple fiat currencies, the company announced in a statement shared with Cointelegraph on Wednesday.
“We worked closely with the Ripple team to understand how RLUSD could benefit from wider distribution across Transak’s global network — spanning more than 450 wallets, DApps [decentralized apps] and exchanges,” said Transak’s head of marketing, Harshit Gangwar.
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