Ripple has announced that it is expanding its presence on multiple chains by using Wormhole’s Native Token Transfers (NTT).
RLUSD will use the burn-and-mint process, which helps it to maintain its ratio of 1:1 with USD.
The announcement comes amid a growth in the overall stablecoin market thanks to growing regulatory clarity.
On June 4, Ripple, the leading blockchain infrastructure, announced the multi-chain expansion of its native stablecoin, RLUSD, by using Wormhole’s Native Token Transfers (NTT).
After its launch in 2024, this announcement is a major expansion for the RLUSD. The stablecoin is designed to meet various purposes, such as cross-border payments, institutional on/off-ramps, and tokenization use cases. The integration of the cross-chain bridge will increase the presence of Ripple’s native stablecoin on various Ethereum Layer 2 networks and related chains.
Wormhole Supports RLUSD’s Multi-Chain Push
Wormhole is a major cross-chain bridge, whic
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