Soil launches RLUSD yield protocol on XRP Ledger, expanding utility for Ripple’s stablecoin

Soil, developed by ORQO Group, has introduced what it claims is the first compliant real-world asset-backed yield protocol on the XRP Ledger (XRPL). This protocol allows holders of Ripple's RLUSD stablecoin to deposit tokens into onchain vaults that generate fixed returns derived from instruments like private credit, tokenized Treasuries, and market-neutral hedging strategies. The initial $1 million in asset pools filled quickly, indicating strong demand for regulated yield products on XRPL. This initiative expands RLUSD's utility beyond payments and settlement. ORQO Group, which manages significant assets and holds regulatory licenses, is expanding its presence on XRPL, which recently surpassed Solana in distributed RWA value. This move aligns with XRPL's recent upgrades, such as activating a permissioned DEX, aimed at attracting regulated finance and tokenized assets.

(Source：The Block)