Ripple's RLUSD Stablecoin Launches Multichain Pilot Program

Ripple's Expansion of RLUSD: Ripple Labs is piloting its US dollar-backed stablecoin RLUSD on Ethereum layer-2 blockchains, including Optimism and Base, while awaiting regulatory approval for a broader launch next year.

Interoperability with Wormhole: The pilot utilizes Wormhole's Native Token Transfers standard, allowing RLUSD to move across blockchains as the real token, enhancing liquidity without the need for wrapped copies.

Regulatory Compliance and Future Plans: RLUSD is issued under a New York state charter and Ripple is seeking federal oversight, with plans to expand to more chains next year, contingent on regulatory approval.

Market Position and Adoption: Launched in December 2024, RLUSD has a market cap of $1.3 billion, gaining traction among retail users through integrations with platforms like Transak and self-custodial wallets.