Key Takeaways:
- RLUSD, Ripple’s stablecoin, is now deployed to 40+ different blockchain ecosystems via Wormhole’s Native Token Transfers (NTT).
- The expansion aims to cover cross-border payments, tokenization and institutional on/off ramp services via native USD.
- RLUSD is among over 100 digital assets powered by Wormhole’s multichain platform.
Ripple continues to rapidly advance its stablecoin path with RLUSD being expanded beyond its ecosystem. With an integration to Wormhole’s Native Token Transfers (NTT) framework, RLUSD is able to transfer natively to over 40 blockchain networks, resulting in more access for institutions and developers to regulated dollar liquidity.
The transaction further solidifies Ripple’s strategy to expand its reach in the payments, tokenized assets, and on-chain financial services sectors, given the growing competition among major stablecoin issuers.
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