Overview
- Ripple has begun testing RLUSD on Optimism, Base, Ink and Unichain after launching on Ethereum and the XRP Ledger, with the stablecoin's market cap around $1.3 billion.
- The expansion uses Wormhole’s Native Token Transfers to burn and mint RLUSD natively across chains, avoiding wrapped assets and fragmentation.
- RLUSD operates under a New York Department of Financial Services trust charter, and Ripple secured conditional OCC approval for a federal trust bank charter creating dual oversight if finalized.
- The pilot includes support for wXRP so users can pair XRP with RLUSD for swaps, lending and payments on supported networks.
- Ripple describes Optimism as a crucial entry point because many layer-2s use the OP Stack, and it plans further chain additions next year subject to regulatory review.