Overview
- The pilot spans Optimism, Base, Ink and Unichain using Wormhole’s Native Token Transfers to move RLUSD across chains without wrapped tokens.
- RLUSD launched on Ethereum and the XRP Ledger and operates under a New York Department of Financial Services trust charter.
- Ripple received conditional approval for a national trust bank charter from the OCC last week, advancing a potential dual state–federal oversight model.
- Support for wXRP will let XRP holders use RLUSD alongside wrapped XRP for swaps, lending and payments on supported Layer-2 networks.
- RLUSD’s market value is reported near $1.3 billion, with the L2 testing aimed at tapping faster, lower-cost ecosystems where on-chain activity concentrates.