Ripple Expands $1.3B RLUSD Stablecoin to Ethereum L2s via Wormhole in Multichain Push
Ripple is expanding its RLUSD stablecoin to Ethereum L2s like Optimism and Base using Wormhole for native cross-chain transfers.Summary
Ripple is expanding its U.S. dollar-backed stablecoin, RLUSD (currently valued around $1.3 billion), to several Ethereum layer-2 (L2) blockchains, including Optimism, Base, Ink, and Unichain, as part of a major multichain push. The initial rollout is in a test phase, with a wider launch expected next year pending regulatory approval from the New York Department of Financial Services (NYDFS). This expansion utilizes Wormhole’s Native Token Transfers (NTT) standard, enabling RLUSD to move natively across chains without wrapping, which preserves liquidity and regulatory control. RLUSD, issued under a NYDFS Trust Charter, is also supported by a wrapped version of XRP (wXRP). Ripple views this move as setting a standard where compliance meets on-chain efficiency, facilitating DeFi adoption on these faster, lower-cost networks.
(Source：CoinDesk)