Ripple is reportedly pushing its RLUSD stablecoin deeper into the multichain world, kicking off a pilot on Ethereum layer-2 blockchains.
Teaming up with Wormhole, Ripple is testing the stablecoin on heavy hitters like Optimism, Base, Ink, and Unichain.
This move comes after RLUSD’s solid start and success on the XRP Ledger and Ethereum mainnet.
Ripple’s crew calls it a game-changer for building a “scalable, efficient, and interoperable future.”
Your completely free resource hub designed to boost your knowledge of cryptocurrencies
And they’re spot on on the crypto landscape going multichain these days. To really hook in big institutions and everyday on-chain users, a reliable asset like the RLUSD stablecoin needs to pop up wherever the action is.
Ripple says that “the future of crypto is undeniably multichain, and to truly serve both institutional finance and the growing on-chain economy, stablecoins must exist wherever demand and utility are.”
Why Does the RLUSD Stablecoin Stand Out?
Wormhole partnership uses their Native Token Transfers tech, meaning the RLUSD travels across chains as the genuine article.
In old-school setups, tokens get locked on one chain while a wrapped stand-in gets minted elsewhere. But the RLUSD stablecoin keeps things clean with one true version on every chain, with Ripple holding the reins on the smart contracts.
RLUSD Stablecoin Reaches $1.3 Billion Milestone
Just a year after launching in late 2024, the RLUSD hit a $1.3 billion market cap, per CoinGecko data.
That’s serious traction, if you ask me.
