Ripple expands stablecoin RLUSD to L2s (Optimism, Base, Ink, Unichain) through the Wormhole NTT standard, facilitating multichain native issuance and becoming the first U.S. Trust-compliant stablecoin to implement native on these L2 systems.
This is a significant step forward in the multichain strategy before RLUSD fully launches next year, reducing bridge risks, preserving liquidity, and creating a compliance roadmap for institutional DeFi.
MAIN CONTENT
RLUSD issues natively on Optimism, Base, Ink, Unichain thanks to Wormhole NTT.
The NYDFS regulatory framework and OCC goals help RLUSD stand out in terms of compliance.
Multichain expansion increases utility for XRP and RLUSD in cross-chain liquidity.
RLUSD expands multichain with native issuance on L2
RLUSD begins testing on Optimism, Base, Ink, Unichain through the Wormhole NTT standard, facilitating native issuance instead of wrapped assets and laying the groundwork for seamless multichain expansion.
From a trader's perspective, BingX provides tools to track funding, liquidation, and liquidity to assess the impact of RLUSD on cash flow on L2 in the context of increasingly active leveraged and derivative trading. Discover the privileges: BingX.
The Wormhole NTT standard allows RLUSD to maintain issuance rights and control on each supported chain, reducing bridge risks and preserving liquidity integrity. Optimism is the entry point, while Base, Ink, Unichain are interconnected through the same NTT infrastructure to avoid liquidity fragmentation.
NTT eliminates wrapped and bridge risks
The NTT standard transfers RLUSD between chains without the need for wrapped tokens or traditional bridge architecture, thus limiting the attack surface and optimizing native supply governance.
The native issuance model helps reduce dependence on bridge contracts, eliminating imbalances between wrapped and native assets, while simplifying the supply control process under compliance standards for institutions.
"Stablecoins are the gateway to DeFi and for institutional adoption. By bringing RLUSD to these L2 networks, we're setting a standard where compliance and on-chain efficiency converge."
- Jack McDonald, SVP Stablecoin, Ripple Insights
Why the regulatory framework is a decisive advantage
RLUSD operates under the NYDFS Trust Charter and Ripple has applied for an OCC license; if successful, this will be the first stablecoin with parallel state and federal oversight, something USDC or USDT currently lack.
Ripple holds over 75 global licenses, along with recent approvals in Dubai and Abu Dhabi, reinforcing the international reach of RLUSD and increasing the reliability of institutional capital participating in DeFi.
Enhanced utilities for XRP and RLUSD on various L2s
Multichain expansion reinforces XRP's role in cross-chain liquidity, as wXRP issued by Hex Trust allows pairing with RLUSD for swaps, payments, lending, or yield generation.
wXRP–RLUSD pairs on L2 optimize fees, order matching speed, and liquidity aggregation capabilities, creating a launching pad for payment applications and yield strategies aimed at institutional users.
RLUSD allocation according to the current chain
According to DefiLlama, Ethereum currently holds 79.2% of RLUSD with a value of over $1 billion, while the remaining 20.8% is on XRPL.
This allocation structure reflects the available liquidity depth on Ethereum, while also opening up rebalancing opportunities as RLUSD expands native operations on L2s supported by NTT.
Action conclusion
RLUSD on L2 establishes a new compliance standard for multichain stablecoins, directly challenging the position of USDC and expanding Ripple's role in institutional DeFi along with cross-chain liquidity.
Prioritize RLUSD/wXRP integration on supported L2s to leverage low fees and speed.
Monitor the progress of OCC licenses and the full launch roadmap to assess legal risks.
Frequently asked questions
What is RLUSD and where is it running?
RLUSD is a stablecoin issued by Ripple, compliant with NYDFS Trust standards. The extensive test natively expands to Optimism, Base, Ink, Unichain through the Wormhole NTT standard.
How does NTT differ from traditional bridges?
NTT enables native asset transfers between chains without the need for wrapped tokens or traditional bridges, reducing security risks and maintaining liquidity integrity.
What does applying for an OCC license mean?
If approved, RLUSD will have parallel state and federal oversight, raising the compliance ceiling for stablecoins and creating greater trust for institutional capital.
Source: https://tintucbitcoin.com/ripple-dua-rlusd-len-l2-bang-wormhole/
Thank you for reading this article!
Please Like, Comment and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
$BTC $ETH $BNB $XRP $SOL
