Ripple Expands RLUSD with Wormhole’s Multichain Integration
- Ripple’s stablecoin, Ripple USD (RLUSD), now moves natively across blockchain ecosystems through Wormhole’s Native Token Transfers (NTT).
- The integration supports cross-border payments, institutional on/off-ramps, and tokenization initiatives.
- As of May, RLUSD had $1.731 billion in circulation backed by $1.833 billion in reserve funds.
- Wanchain integrated RLUSD into its bridge architecture for transfers across XRPL, Ethereum, Cardano, and Wanchain.
- Wormhole’s NTT allows issuers to maintain control of tokens while preserving native functionality across networks.
Ripple’s expansion of RLUSD through Wormhole’s NTT enhances its role in blockchain-based finance by facilitating compliant dollar liquidity access for developers and institutions across multiple ecosystems.
The multichain strategy strengthens RLUSD’s position in the market with increased circulation and broader network connectivity via Wanchain and other platforms. (Source)
