Key Highlights
- Ripple’s RLUSD stablecoin has expanded to over 40 blockchain ecosystems via Wormhole’s Native Token Transfers (NTT) technology
- The expansion includes prominent Ethereum layer-2 solutions: Base, Optimism, Ink, and Unichain, alongside the XRP Ledger EVM sidechain
- With a market capitalization of $1.72 billion, RLUSD holds the position as the 8th-largest stablecoin globally
- Strategic partnerships with BiLira, Bitexen, and Bitlo enable RLUSD access in Turkey’s cryptocurrency ecosystem
- Mastercard has implemented round-the-clock settlement services utilizing RLUSD on the XRP Ledger
Ripple has successfully deployed its RLUSD stablecoin across more than 40 blockchain ecosystems through an integration with Wormhole, a leading cross-chain protocol. This strategic expansion significantly extends RLUSD’s reach beyond its initial deployment on the XRP Ledger and Ethereum networks.
The deployment leverages Wormhole’s Native Token Transfers (NTT) framework, enabling RLUSD to operate natively across supported blockchain ecosystems without requiring wrapped token alternatives.
Supported Blockchain Networks
The multi-chain deployment introduces RLUSD to multiple Ethereum layer-2 scaling solutions, including Base, Optimism, Ink, and Unichain.
Additionally, RLUSD is now operational on the XRP Ledger EVM sidechain, allowing developers to utilize the stablecoin with standard Ethereum development frameworks while maintaining connectivity to the XRP Ledger ecosystem.
According to Ripple, this infrastructure supports various applications including cross-border payment systems, institutional on-ramp and off-ramp services, and asset tokenization initiatives.
“For developers and institutions building onchain, that expands access to compliant, USD-backed liquidity across supported networks,” the company stated.
Launched in the final months of 2024, RLUSD has rapidly scaled to exceed $1.7 billion in market capitalization, establishing itself among the leading dollar-pegged stablecoins in the cryptocurrency market.
Institutional Partnership Momentum
Ripple has been actively developing institutional collaborations parallel to its technical infrastructure expansion.
This week, the company introduced RLUSD to Turkey’s cryptocurrency sector through strategic alliances with BiLira, Bitexen, and Bitlo, providing Turkish financial institutions with stablecoin access for payment processing and settlement operations.
Mastercard recently implemented 24/7 settlement infrastructure powered by RLUSD on the XRP Ledger, representing a significant payment processing application for the stablecoin.
Evernorth Holdings, which has backing from Ripple, is preparing to integrate RLUSD into an XRP-focused treasury operation. According to regulatory documentation, the company plans to deploy the stablecoin for institutional DeFi applications and tokenized real-world asset management on the XRP Ledger.
RippleX, the development team behind the XRP Ledger, indicated that increasing RLUSD adoption across smart contract platforms demonstrates growing market demand for compliant stablecoins in decentralized finance environments.
The development team emphasized that XRP can function in tandem with RLUSD for liquidity provision, settlement operations, collateralization, and payment processing across compatible blockchain networks.
Ripple has also expanded its University Blockchain Research Initiative by adding Istanbul Technical University to the program, which will fund blockchain research and graduate fellowship programs utilizing RLUSD.
The company has strategically positioned RLUSD as foundational infrastructure serving both cryptocurrency-native applications and conventional financial service providers. The recent Wormhole integration represents the most tangible demonstration of this cross-chain strategy to date.
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