Ripple is preparing to launch its stablecoin, RLUSD, on multiple layer-2 platforms.
The payments firm says it is partnering with the multichain interoperability protocol Wormhole (W) and plans to begin testing Ripple USD on Optimism (OP), Base, Ink and Unichain.
RLUSD launched in mid-December 2024 and is available on Ripple’s XRP Ledger and the Ethereum (ETH) blockchain. The stablecoin, which aims to maintain a 1:1 ratio with the US dollar, has a $1.31 billion market cap at time of writing.
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Ripple notes it will utilize Wormhole’s Native Token Transfers (NTT) standard, which will allow the firm to maintain native issuance and control of RLUSD as it expands to new layer-2 ecosystems.
Jack McDonald, Ripple’s senior vice president of stablecoins, says RLUSD’s expansion aims to bring
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