Ripple RLUSD Stablecoin Launches on Ethereum L2s via Wormhole, Boosting $1.3B Multichain Strategy

Ripple is significantly expanding the reach of its RLUSD stablecoin, now valued at $1.3 billion, by integrating it with multiple Ethereum Layer 2 (L2) scaling solutions. This strategic multichain move is facilitated through the cross-chain interoperability protocol Wormhole. The expansion aims to enhance RLUSD's liquidity and utility across the broader decentralized finance (DeFi) ecosystem. By bridging to Ethereum L2s, Ripple enables faster and cheaper transactions for RLUSD users, directly competing with other major stablecoins. This development is a key part of Ripple's plan to establish RLUSD as a dominant player in the stablecoin market, leveraging the security and scalability of Ethereum's secondary networks.