Ripple Labs officially launches its USD-backed stablecoin RLUSD multi-chain expansion pilot, marking Ripple’s further deployment in the stablecoin and multi-chain infrastructure space. According to an official statement, RLUSD will be extended to multiple Ethereum L2 networks, including Optimism, Base, Ink, and Unichain, in a pilot phase before obtaining full regulatory approval.
This expansion was completed in cooperation with cross-chain interoperability protocol Wormhole. Wormhole’s cross-chain technology allows assets to be securely transferred between different blockchains and is regarded as a key infrastructure in the current multi-chain ecosystem. RLUSD has previously been issued on the XRP Ledger and Ethereum mainnet. Ripple stated that extending to Ethereum L2 is crucial for building a more scalable, efficient, and interoperable financial system.
The Ripple team pointed out that the crypto industry is rapidly moving toward a multi-chain landscape. Stablecoins can better serve institutional finance and the growing on-chain economy only if deployed on networks with real demand and application scenarios. As blockchain technology gradually enters the stage of real-world applications, the demand for compliant and regulated stablecoins continues to rise.
It is noteworthy that RLUSD will adopt Wormhole’s native token transfer (NTT) standard in this pilot. This means RLUSD can circulate across multiple blockchains as a “native asset” rather than through common lock-and-wrap token mechanisms. This design helps avoid liquidity fragmentation issues, ensuring RLUSD maintains a unified standard across different chains, while related contracts are held and managed by Ripple.
Ripple also revealed that RLUSD plans to launch on more blockchains next year, provided it receives final regulatory approval. RLUSD is issued under the trust company charter of the New York State Department of Financial Services, and Ripple has also applied to the Office of the Comptroller of the Currency (OCC) for a federal trust bank charter to further strengthen its compliance attributes. Ripple’s stablecoin business leader stated that stablecoins are an important gateway connecting DeFi with institutional-grade applications.
According to market data, RLUSD was launched in December 2024, with a current market capitalization of approximately $1.3 billion. Although still smaller than leading stablecoins like USDT and USDC, RLUSD has gained noticeable attention in the retail market and is expanding its practical use cases through wallet and payment platform integrations. (Cointelegraph)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Brother Ma Ji increased his Ethereum long position to 4,650 ETH, with an unrealized profit of nearly $250,000.
Gate News Report, March 10 — According to Hyperbot data monitoring, Big Brother Ma Ji Huang Licheng increased his 25x leveraged Ethereum long position again three hours ago. Currently, the position has grown to 4,650 ETH, with a position value of $9,534,000, a liquidation price of $1,985, and an unrealized profit of nearly $250,000.
GateNews5m ago
Ethereum Whale Re-Enters Market With $2.08M ETH Buy
Ethereum trader 0x8A21 has gained attention by successfully executing a buy-low, sell-high strategy. After selling 499 $ETH for $2.21M at a high of $4,434, the trader purchased 1,004 $ETH for $2.08M at a low of $2,070, showcasing strategic market navigation amid volatility.
BlockChainReporter1h ago
Vitalik's "Shelter Technology" Declaration: How Does Ethereum Incorporate Censorship Resistance into the Protocol?
Written by: imToken
If one day the core development team of Ethereum were to collectively "disappear," or if a sovereign country demanded the censorship of certain transactions, could Ethereum still remain open?
These questions sound like extreme hypotheticals, but they are becoming increasingly relevant reference points in the design of the Ethereum protocol.
In early March, Vitalik Buterin proposed a new statement, explicitly saying that the Ethereum community should see itself as part of the "sanctuary technologies" ecosystem: these free open-source technologies enable people to live, work, communicate, manage risks, and build wealth, while collaborating toward common goals and maximizing resistance to external pressures.
This statement appears to be an abstract upgrade of values, but when viewed in the context of Ethereum's recent protocol evolution, it actually corresponds to very specific
PANews1h ago
CoinGlass integrates RootData, adding investor and team information display on the token page
The CoinGlass platform has integrated RootData data, allowing users to view investor and team information on the token page for a one-stop information access. CoinGlass provides comprehensive data on the cryptocurrency derivatives market and has over 220 partners.
GateNews1h ago
