Key facts
- Squid has integrated Ripple's RLUSD stablecoin.
- The integration enables instant swaps across over 100 blockchains.
- The platform supports over 20,000 tokens for swaps.
- RLUSD is natively issued on XRP Ledger.
- RLUSD is also natively issued on Ethereum.
- The integration aims to simplify access to RLUSD.
- The integration aims to expand use cases for RLUSD.
Squid, a cross-chain platform, has announced the integration of Ripple's RLUSD stablecoin into its network. This integration allows for instant swaps of RLUSD across more than 100 blockchains and supports over 20,000 different tokens. The primary goal of this partnership is to simplify access to RLUSD and expand its potential use cases within the decentralized finance (DeFi) space. RLUSD is natively issued on two major blockchain networks: the XRP Ledger and Ethereum. This dual issuance allows for greater flexibility and interoperability, and its integration with Squid further enhances these capabilities. Users can now leverage Squid's infrastructure to move RLUSD seamlessly between these networks and a vast array of other supported blockchains, facilitating faster and more efficient cross-chain transactions. The integration is expected to boost the adoption and utility of RLUSD by making it readily available on a wide range of decentralized applications and platforms connected through Squid's network.