Ripple Extends $1.3B RLUSD to Ethereum L2s via Wormhole
Ripple announced a pilot to move $1.3 billion of its USD stablecoin RLUSD to Ethereum Layer 2 networks — Optimism, Base, Ink and Unichain — using the Wormhole cross‑chain bridge. The move aims to increase RLUSD’s on‑chain liquidity and accessibility for DeFi users and developers on faster, lower‑cost L2s, potentially boosting utility for ETH‑denominated liquidity pools and applications.
The company said it plans to expand RLUSD to additional blockchains next year, subject to regulatory approval. That caveat underscores ongoing compliance scrutiny that could shape the pace of multi‑chain stablecoin growth; if cleared, the expansion would deepen cross‑chain stablecoin rails and may have knock‑on effects for token flows across ETH, Wormhole, and XRP ecosystems.