Ripple’s RLUSD Goes Live on Ethereum Layer-2 Networks, XRPL Sidechain Via Wormhole
Highlights
- Ripple's RLUSD is live on these networks through Wormhole's Native Token Transfers.
- The stablecoin will be available on over 40 networks.
- This expands the stablecoin beyond Ethereum and the XRP Ledger.
Ripple’s RLUSD stablecoin has gone live on over 40 networks through its partnership with the cross-chain interoperability protocol Wormhole. These networks include Ethereum layer-2 networks such as Coinbase’s base and also the XRP Ledger’s EVM sidechain.
Ripple RLUSD Available On Ethereum L2s and XRPL EVM Sidechain
In an X post, Wormhole announced that the stablecoin is now live across ecosystems via its Native Token Transfers (NTT). With this, the stablecoin becomes available across over 40 networks that have implemented Wormhole’s NTT.
This includes layer-2 networks on the top layer-1 network, Ethereum, such as Base, Ink, Optimism, and Unichain. The stablecoin is also now live on the XRP Ledger’s EVM sidechain. This development comes months after Ripple first announced plans to expand the stablecoin to other networks besides XRPL and Ethereum.
The crypto firm had described it as an important step towards a multichain future. Commenting on the stablecoin going live on these other networks, Ripple noted that the stablecoin can now move natively across multiple blockchain ecosystems, thereby supporting cross-border payments, institutional on- and off-ramps, and tokenization use cases.
“For developers and institutions building on-chain, that expands access to compliant, USD-backed liquidity across supported networks,” the firm added. This is also expected to boost RLUSD’s adoption, with the stablecoin currently boasting a market cap of $1.72 billion and ranking as the 8th-largest stablecoin by market cap.
On The Expansion To The XRPL Sidechain
Commenting on the expansion of Ripple RLUSD to the XRPL sidechain, XRPL developers, RippleX, noted that the sidechain combines compatibility with existing EVM developer tooling while remaining closely connected to the XRP Ledger. As such, this helps to meet growing demand from developers looking to build with XRP.
They further noted that the stablecoin has seen growing adoption across smart contract-based ecosystems, which highlights demand for regulated stablecoins within DeFi and multichain finance. “As RLUSD becomes available across these environments, XRP can increasingly serve as a complementary asset for liquidity, settlement, swaps, collateral, and payments, thereby strengthening the utility of XRP and RLUSD across supported chains, RippleX said.
Meanwhile, it is worth noting that the move to expand the Ripple stablecoin to other networks comes amid adoption news, such as Mastercard’s launch of 24/7 settlement using RLUSD on the XRPL.
Furthermore, Ripple just expanded its stablecoin to the $200 billion Turkish crypto market. The firm partnered with BiLira, Bitexen, and Bitlo crypto exchanges to offer tradFi institutions access to RLUSD stablecoin
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