Ripple’s RLUSD stablecoin goes multichain in new pilot
Ripple’s RLUSD stablecoin is expanding to Ethereum layer-2 blockchains via a pilot program with Wormhole, aiming for broader interoperability.Summary
Ripple Labs is extending its US dollar-backed stablecoin, RLUSD, to Ethereum layer-2 blockchains – Optimism, Base, Ink, and Unichain – through a pilot program in partnership with Wormhole. This expansion is designed to test scalability and interoperability while awaiting full regulatory approval next year. Unlike some multichain setups, RLUSD will move across blockchains as the real token, avoiding wrapped copies, thanks to Wormhole’s Native Token Transfers standard. Ripple emphasizes the importance of a multichain future for stablecoins to serve both institutional finance and the onchain economy, and highlights the need for regulated stablecoins as chains develop for real-world use. Launched in December 2024, RLUSD currently has a market capitalization of $1.3 billion and is positioned as a gateway to DeFi and institutional adoption.
(Source：Cointelegraph)