🚀 Ripple (RLUSD) expands to Layer 2 through Wormhole!
Ripple announced a strategic move: the stablecoin RLUSD is launching on second layer (L2) networks. To achieve this, the company is utilizing the NTT standard from the Wormhole protocol.
New horizons: Testing will begin on popular L2 networks: Optimism, Base, Ink, and Unichain.
Technology: The use of Wormhole will ensure seamless cross-network compatibility.
Regulation: Full launch on new chains is expected in 2025 after final approval from the New York Department of Financial Services (NYDFS).
Recall that initially, the issuance of RLUSD was limited to XRPL and Ethereum networks. The expansion to L2 will significantly enhance liquidity and use cases for the stablecoin in the DeFi ecosystem.
