
Jakarta, Pintu News – Ripple executive Reece Merrick recently revealed ambitious plans for RLUSD, which is no longer just limited to the Ripple ecosystem but has ambitions of becoming a universal infrastructure in the crypto market.
RLUSD has been extended to several Layer-2 Ethereum networks such as Optimism, Base, Ink/Inkchain, and Unichain through Wormhole’s Native Token Transfer (NTT) standard. This initiative marks a major step for Ripple in adapting to the evolving needs of the market.
RLUSD is designed to operate cross-chain, which allows this asset to function properly not only on the XRP Ledger (XRPL) but also on Ethereum-based networks. Reece Merrick emphasized that RLUSD should exist wherever there is demand, following the principle that the future of the crypto industry is “multi-chain”.
This approach allows Ripple to reach more users without requiring them to migrate to a specific platform. By operating across multiple Layer 2s, RLUSD offers greater flexibility and ease of access for users across the crypto ecosystem.
This strategy not only increases the adoption of RLUSD but also strengthens its position as a regulated banking tool on the blockchain. This opens up new opportunities for users to interact with digital assets in a safe and trusted environment.
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RLUSD’s expansion to Layer 2 networks such as Optimism and Base is a strategic move to capture the increasing transaction volume on these networks. DeFi, or decentralized finance, has shown significant growth on these platforms, and RLUSD’s presence there allows users to conduct transactions more efficiently and securely.
It also helps in reducing the load on the main Ethereum network, which often suffers from congestion and high transaction fees. According to data from CoinGecko, RLUSD’s market capitalization currently stands at $1.3 billion, making it one of the fastest growing stablecoins. By continuing to implement this expansion strategy, RLUSD has the potential to further accelerate its growth and strengthen its position in the global market.
RLUSD aims to be the definitive and trusted gateway for crypto transactions, supporting strict regulation and high security. It offers a solution for banking and finance looking to integrate with blockchain technology without compromising compliance with existing regulations.
By being a regulated tool, RLUSD attracts interest from financial institutions looking for a safe way to enter the crypto market. This approach not only increases user confidence but also paves the way for wider adoption of crypto in the traditional financial system.
By ensuring that RLUSD is accessible across multiple networks, Ripple is positioning itself as a leader in responsible and inclusive decentralized financial innovation.
With a strategy focused on interoperability and security, Ripple’s RLUSD sets a new standard in the crypto ecosystem. This expansion not only strengthens Ripple’s position in the market but also supports the vision of a more open and connected industry. The presence of RLUSD on various networks promises a brighter future for secure and efficient crypto transactions.
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RLUSD is a stablecoin developed by Ripple and designed to operate as a regulated digital asset in the blockchain ecosystem. Based on Ripple’s executive statement, RLUSD is intended as a secure and regulated crypto payment infrastructure.
RLUSD’s ambitious plans were conveyed by Reece Merrick, the Ripple executive. This information was revealed in international crypto media interviews and reports.
Chain-agnostic means that RLUSD can operate across multiple blockchains, not limited to a single network. According to Ripple, this approach reflects the reality of a crypto industry that is increasingly moving towards a multi-chain ecosystem.
RLUSD has been extended to several Layer-2 Ethereum networks, including Optimism, Base, Ink/Inkchain, and Unichain. This expansion was done through Wormhole’s Native Token Transfer (NTT) standard.
Ripple chose the Layer-2 network because of DeFi’s high transaction volume and better cost efficiency compared to Ethereum’s main network. This information is in line with the trend of using Layer-2 in the global crypto ecosystem.
This expansion has the potential to increase the adoption of RLUSD as users can access the stablecoin across multiple networks without the need for asset migration. This approach is considered to expand the range of RLUSD usage in the crypto market.
According to CoinGecko data, RLUSD’s market capitalization is around $1.3 billion. This figure places RLUSD as one of the fastest growing stablecoins.
Ripple is targeting RLUSD as a secure, regulated, and compliant crypto gateway for financial institutions. This goal is aimed at bridging the traditional financial system with blockchain technology.
Key risks include reliance on cross-chain infrastructure and potential technical risks to interoperability protocols. Therefore, Ripple emphasizes security aspects and regulatory standards in its development.