Ripple is expanding its stablecoin RLUSD to Ethereum Layer 2 networks (like Base and Optimism) using Wormhole’s cross-chain tech.
Why It Matters:
1. Faster & Cheaper: Makes RLUSD usable for DeFi where transactions are quick and low-cost.
2. Fully Regulated: Aims to be the first stablecoin with both state (NY) and federal (OCC) oversight.
3. Works with XRP: Lets users easily swap between wrapped XRP and RLUSD in DeFi apps.
4. No “Wrapping” Needed: Moves natively between chains, keeping it simple and secure.
5. Bigger Reach: Positions RLUSD to compete with giants like USDC and USDT in the growing stablecoin market.
Bottom line: Ripple is making its stablecoin faster, more widely available, and more regulated to attract both DeFi users and institutions.
$USDC $XRP $BTC #TrumpTariffs #CPIWatch #BTCVSGOLD #BinanceBlockchainWeek
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