Ripple Labs started a RLUSD stablecoin multichain pilot on Ethereum layer 2 networks. The pilot adds Optimism, Base, Ink, and Unichain, according to a Ripple statement shared on Monday.
Ripple launched Ripple RLUSD on the XRP Ledger and Ethereum in 2024.
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Now, the RLUSD multichain pilot tests how the stablecoin operates across more networks while Ripple prepares for a broader rollout.
Ripple described the RLUSD stablecoin move as necessary for scale and interoperability. The company said,
“The future of crypto is undeniably multichain, and to truly serve both institutional finance and the growing onchain economy, stablecoins must exist wherever demand and utility are.”
Wormhole Native Token Transfers aims to move RLUSD without wrapped copies
Ripple is running the RLUSD multichain pilot with Wormhole, a crosschain interoperability protocol. Wormhole said its Native Token Transfers standard supports moving RLUSD as the real token.
Wormhole said the design avoids a wrapped copy model. In many crosschain transfers, a token gets locked on the original chain. Then a wrapped version gets minted on another chain.
Wormhole said its approach keeps a single canonical RLUSD version on each chain. The team wrote on X on Monday:
“With NTT, token issuers eliminate the need for fragmented liquidity or wrapped assets, allowing a single, canonical version of RLUSD to exist natively on each blockchain with Ripple owning the contracts.”
RLUSD NYDFS charter and Ripple OCC trust bank charter application shape next year rollout
Ripple said more chains will follow next year, but final regulatory approval still applies. The company framed the RLUSD multichain pilot as a step toward wider availability.
RLUSD is issued under a state level New York Department of Financial Services Trust Company Charter, Ripple said. In addition, Ripple has applied for a federal trust bank charter from the Office of the Comptroller of the Currency.
Jack McDonald, senior vice president of stablecoins at Ripple, tied RLUSD stablecoin growth to broader crypto use. He said stablecoins are the
“gateway to DeFi and institutional adoption.”
He also said,
“By launching RLUSD—the first US Trust Regulated stablecoin on these L2 networks—we are not just expanding utility; we are setting the definitive standard where compliance and onchain efficiency converge.”
RLUSD market cap sits at 1.3 billion as USDT and USDC stay larger
The RLUSD market cap stands at $1.3 billion, according to CoinGecko. Ripple launched RLUSD in December 2024, and the token has grown into a mid sized stablecoin by supply.
CoinGecko data shows Tether’s USDT at $186 billion in market cap. Circle’s USDC stands at $78 billion, based on the same source. Sky Protocol’s USDS is listed at $9.8 billion.
Ripple also pointed to retail distribution routes for the RLUSD stablecoin.
The company cited integrations with Transak and adoption across self custodial wallets, including Xaman, as RLUSD expands beyond the XRP Ledger and Ethereum through the RLUSD multichain pilot.
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Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.
📅 Published: December 16, 2025 • 🕓 Last updated: December 16, 2025
