Kraken Lists Ripple USD (RLUSD) for Trading on Its Platform

Kraken has announced that Ripple USD (RLUSD) is now available for trading on its platform. The trading for RLUSD went live at 16:00 UTC on April 2, 2025. This addition allows users to engage with RLUSD, a USD-backed stablecoin issued on the XRP Ledger and Ethereum blockchains.

To begin trading RLUSD, users can navigate to the ‘Funding’ section of their Kraken account, select RLUSD, and proceed with the deposit. It is crucial for users to ensure that deposits are made using networks supported by Kraken, as deposits made through unsupported networks may be lost.

Understanding Ripple USD (RLUSD)

RLUSD is a stablecoin fully backed by a reserve of cash and cash equivalents, maintaining a 1:1 redeemable value for USD. It is designed for enterprise-grade use, making it suitable for various financial applications such as payments, global settlement, on/off ramping, and as trading collateral.

Kraken has noted that trading via the Kraken App and Instant Buy will become available once liquidity conditions are met. This means that a sufficient number of buyers and sellers must enter the market for efficient order matching. Additionally, geographic restrictions may apply to RLUSD trading.

Future Asset Listings on Kraken

Kraken has indicated that more assets will be made available in the future. However, the platform maintains a policy of not revealing details about potential listings until shortly before their launch. Interested users can find all of Kraken’s available tokens on their website, and future listings will be announced on their Listings Roadmap and social media profiles.

For more details, the official announcement can be found here.

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