Ripple's (XRP) US dollar-pegged stablecoin 'RippleUSD (RLUSD)' has significantly expanded its circulation ecosystem through integration with cryptocurrency payment infrastructure company Transak. Through this collaboration, users will be able to directly purchase RLUSD with various global fiat currencies, which is expected to boost market growth.
On the 5th (local time), Transak officially announced the integration of RLUSD into its platform, supporting its 8.3 million platform users to purchase RLUSD in multiple fiat currencies. Transak's Marketing Director Harshit Gangwar stated, "We collaborated with the Ripple team to review how RLUSD can be widely deployed across Transak's global network." Transak is currently connected to over 450 wallets, DApps, and exchanges, enabling practical contribution to expanding RLUSD's distribution channels.
This integration is evaluated as a strategic milestone for RLUSD's global expansion. RLUSD previously broke through a market capitalization of $500 million (approximately 69.5 billion won) last month, recording its fastest growth since launch. Despite legal and technical complexities when stablecoins exceed certain thresholds, RLUSD is rapidly expanding its presence in major markets.
Transak noted that RLUSD is immediately usable in 64 countries, including major regulatory markets such as the United States, United Kingdom, and European Union. They explained that they have reviewed regulatory compliance over the past three months. This integration, which provides direct fiat currency purchase capabilities for RLUSD, is expected to dramatically enhance the practical usability of stablecoins.
Ripple is actively advancing its new stablecoin strategy, pursuing expanded real-use cases for RLUSD in payment, remittance, and DeFi sectors. This Transak integration is part of this strategy, establishing a foundation to increase global user accessibility and accelerate RLUSD's adoption as a cryptocurrency-based payment method.
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