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- Ripple expanded RLUSD across 40+ blockchains through Wormhole’s NTT system.
- RLUSD now supports payments, trading, settlement, and tokenization use cases.
- Mastercard added RLUSD to its 24/7 on-chain settlement network on June 3.
Ripple has expanded RLUSD across more than 40 blockchain networks through Wormhole, widening access to its dollar-backed stablecoin. The integration uses Wormhole’s Native Token Transfers system. It also places RLUSD on Ethereum Layer-2 networks and the XRP Ledger EVM sidechain.
Wormhole announced the rollout in an X post on Thursday. According to the protocol, RLUSD is now live on numerous blockchain platforms. Coinbase Base, Ink, Optimism, Unichain, and the XRP Ledger EVM sidechain are among the supported networks.
With the deployment, RLSD gets rid of a limited base network. The stablecoin can be transferred from user to user and developers through supported chains. The structure has dispensed with the conventional wrapped tokens and minimizes the need for complex bridge tools.
RLUSD Expansion Strengthens Tokenized Finance Access
Ripple envisioned RLUSD for payments, trading, settlement, and tokenized finance. Broadened network access equates to liquidity options for the developers, backed by dollars. It also supports institutions that need stablecoin movement across several blockchain systems.
The expansion could bolster RLUSD usage in cross-border transfers. Stablecoins are commonly utilized for transfers of value between markets. With the new integration of Wormhole, RLUSD has a wider avenue to enter the on-chain financial infrastructure.
The rollout also enables the tokenization activity. Tokenization is the process of representing assets in the real world through digital units on a blockchain. With RLUSD, developers can now access the liquidity of an asset not just within a single network but across multiple ones.
RLUSD was created in December 2024 by Ripple. Stablecoin is secured by reserves of the US dollar. Each RLUSD token is backed by real-world dollar assets due to that reserve structure.
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RLUSD has also expanded across major trading venues. The recently launched stablecoin is on OKX and is currently available in over 280 spot trading pairs, including pairs with XRP.
The asset is also traded in the derivatives market. Supported platforms enable RLUSD to be used as margin collateral on the perpetual futures. Users can also deposit and withdraw RLUSD directly on the XRP Ledger.
RLUSD Joins Mastercard Settlement Network
RLUSD joined Mastercard’s 24/7 on-chain settlement network on June 3. Stablecoins like USDC and PYUSD are also a part of the network. It enables continuous settlement on Ethereum, Solana, Arbitrum, and the XRP Ledger.
Ripple has also introduced RLUSD into the crypto market in Turkey. The company has joined hands with BiLira, Bitexen, and Bitlo for regional access. These exchange connections provide additional options for exchange trading and financial services for users and institutions.
Wormhole stated that it is utilizing native token transfers for the deployment. The system enables assets to be transferred between networks without the need for a traditional wrapped-token mode. It provides RLUSD with a built-in cross-chain route across the supported blockchain ecosystems.
Ripple claimed that RLSD is designed to enable real-world financial use cases in an ecosystem. The recent deployment puts the stablecoin in the networks of payments, settlement, trading, and tokenization. It also increases the access of RLSD in additional networks.
The update is another growth step for RLUSD. Its latest network connectivity connects exchange activity and payment and settlement rails. Wormhole’s network enables the stablecoin to move more widely on its supported chains.
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