Ripple Expands RLUSD Stablecoin to Layer-2 Networks with Wormhole and NTT
Ripple begins RLUSD testing on multiple Ethereum Layer-2 networks via Wormhole ahead of next year’s launch, as regulatory approval remains a key prerequisite.
ETH
XRP
OP
Summary
Ripple announced the deployment of its U.S. dollar-backed RLUSD stablecoin to Ethereum Layer-2 platforms Optimism, Base, Ink, and Unichain for testing prior to a planned full launch next year. Issued initially on the XRP Ledger and Ethereum mainnet, RLUSD will leverage Wormhole’s cross-chain capabilities to enhance DeFi integration and interoperability. The rollout remains contingent on regulatory approval, aligning with Ripple’s strategy to expand stablecoin utility across high-performance blockchain environments.
Terms & Concepts
- Stablecoin: A cryptocurrency pegged to a stable asset, such as the U.S. dollar, to reduce price volatility.
- Layer-2 Network: A secondary framework built on top of an existing blockchain to improve scalability, speed, and cost efficiency.
- Wormhole: A cross-chain messaging protocol enabling interoperability between different blockchain networks.