Ripple Tests RLUSD on L2s Ahead of Full Regulatory Approval
In a trial experiment, Ripple Labs is extending its stablecoin, RLUSD, which is backed by the US dollar, to Ethereum layer-2 blockchains. The corporation is awaiting regulatory approval for a complete launch that is scheduled for next year. The pilot will be carried out in collaboration with Wormhole. Ripple said on Monday that RLUSD will be tested on Optimism, Base, Ink, and Unichain. RLUSD was first issued on Ethereum and the XRP Ledger. But according to Ripple, the most recent growth is necessary for a future that is interoperable, efficient, and scalable.
The future of crypto is undeniably multichain, and to truly serve both institutional finance and the growing onchain economy, stablecoins must exist wherever demand and utility are. As chains continue to build for real-world use, the need for a highly regulated stablecoin is stronger than ever,
the Ripple team
Ripple Strengthens L2 Liquidity With Native RLUSD Framework
A crucial technical differentiator enabling RLUSD‘s multichain expansion is also introduced in the pilot. RLUSD will transfer across blockchains as a native asset rather than a wrapped version due to Wormhole’s Native Token Transfers (NTT) protocol. This architecture lowers the risks associated with bridges and helps avoid liquidity fragmentation. Each supported network will have a single canonical version of RLUSD, with Ripple keeping control of the contracts. This framework facilitates deeper liquidity across Ethereum layer-2 ecosystems and increases capital efficiency for institutions.
RLUSD Adoption Rises as Ripple Targets Institutional Finance
Ripple intends to extend RLUSD to more blockchains in the upcoming year, subject to final regulatory approval. In order to improve monitoring, Ripple has also applied for a federal trust bank charter, and the stablecoin is currently issued under a New York Department of Financial Services Trust Company Charter. With a $1.3 billion market value since its December 2024 launch, RLUSD is still gaining traction through self-custodial wallets and payment services. Ripple is pitching RLUSD as a link between regulated finance and the larger multichain DeFi industry as demand for compliant on-chain dollars rises.
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