TLDR
- Ripple has launched RLUSD testing on four Layer 2 networks: Optimism, Base, Ink, and Unichain.
- The expansion uses Wormhole’s Native Token Transfers standard to enable secure cross-chain liquidity while retaining native issuance.
- RLUSD operates under a New York Department of Financial Services Trust Charter and awaits further approvals.
- Ripple supports wXRP issuance to pair with RLUSD, improving cross-chain trading and liquidity options.
- Ripple plans to expand RLUSD to additional blockchains next year, subject to regulatory clearance.
Ripple has launched its RLUSD stablecoin on four Layer 2 networks as part of a broader multichain expansion strategy. Testing begins on Optimism, Base, Ink, and Unichain in partnership with Wormhole. This rollout precedes the stablecoin’s full launch expected next year pending regulatory approval.
RLUSD Expands to Multichain Ecosystems
Ripple originally issued RLUSD on Ethereum and XRP Ledger to support DeFi and cross-chain liquidity. Expanding to L2s improves scalability and cost-efficiency across new environments. The move aligns with the industry’s shift toward a multichain future.
The integration uses Wormhole’s Native Token Transfers (NTT) standard to maintain native control across networks. This ensures secure and flexible liquidity movement. Ripple aims to deploy RLUSD wherever XRP demand exists.
Jack McDonald, Ripple’s SVP of Stablecoin, said RLUSD bridges compliance with functionality. “RLUSD is designed to be the trusted, liquid medium necessary for users,” McDonald stated. The company plans to set standards combining regulation and efficiency.
Compliance and Regulation at the Core of RLUSD
RLUSD is issued under a New York Department of Financial Services Trust Charter. This provides oversight similar to traditional banking institutions. Ripple has applied for a U.S. OCC charter for broader federal regulation.
On these new chains, RLUSD becomes the first trust-regulated U.S. stablecoin available. Ripple emphasized its transparency and compliance-first approach. The company now holds over 75 licenses globally and continues to expand.
Ripple’s global compliance efforts include approvals in Dubai and Abu Dhabi. This reinforces its presence in regulated markets. The company remains committed to working closely with regulators worldwide.
Building Utility Across the XRP Ecosystem
Ripple supports wXRP to improve interoperability across chains. Hex Trust recently issued wXRP, enhancing cross-chain functionality. The move enables XRP holders to pair with RLUSD for new liquidity options.
Businesses can now offer swaps, payments, and trading with RLUSD and wXRP. This integration allows seamless support across customer-facing services. XRP users gain easier access to lending, swaps, and yield options.
Ripple confirmed plans to expand RLUSD to more chains in 2025. Final approval remains subject to regulatory clearance. The multichain strategy marks the continued development of Ripple’s stablecoin roadmap.
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