We’re excited to announce that Ripple USD (RLUSD), Ripple’s USD-backed stablecoin, is now live for trading on Kraken! This marks a significant step for enterprise-grade financial solutions on the XRP Ledger and Ethereum blockchains.
Funding and Trading Details
RLUSD trading goes live at 16:00 UTC on April 2, 2025.
How to Deposit RLUSD:
- Navigate to Funding on your Kraken account.
- Select RLUSD and click ‘Deposit’.
- Ensure deposits are made only via supported networks (XRP Ledger or Ethereum). Unsupported network deposits will be lost.
👉 Learn more about RLUSD’s blockchain compatibility
About Ripple USD (RLUSD)
RLUSD is a 1:1 USD-backed stablecoin designed for high-efficiency financial use cases:
- Payments & settlements
- Global on/off ramping
- Trading collateral
Key Features:
- Full reserves (cash and cash equivalents).
- Redeemable 1:1 for USD.
- Multi-chain (XRP Ledger and Ethereum).
Note:
- Kraken App/Instant Buy trading will activate once liquidity thresholds are met.
- Geographic restrictions may apply.
Future Listings on Kraken
Kraken continuously expands its asset offerings. All available tokens and future listings are announced via:
👉 Explore Kraken’s current cryptocurrency offerings
FAQ
1. When does RLUSD trading start?
RLUSD trading begins at 16:00 UTC on April 2, 2025.
2. Which networks support RLUSD deposits?
Only XRP Ledger and Ethereum deposits are accepted.
3. Is RLUSD available globally?
No, geographic restrictions may apply. Check Kraken’s terms for your region.
4. How is RLUSD different from other stablecoins?
RLUSD is tailored for enterprise use, offering seamless cross-chain functionality and full USD backing.
5. Will Kraken list more assets soon?
Yes, but details remain confidential until launch.
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