Key facts
- The XRPL EVM Sidechain is now live with Ripple USD (RLUSD).
- RLUSD's multichain expansion includes its addition to the XRPL EVM Sidechain.
- The sidechain combines EVM compatibility with the XRP Ledger ecosystem.
- Wormhole's Native Token Transfers (NTT) standard powers the multichain movement of RLUSD.
- RLUSD is positioned for use in trading, lending, payments, and settlement across smart contract networks.
The XRPL EVM Sidechain has officially launched, integrating Ripple USD (RLUSD) into an EVM-compatible network that is connected to the XRP Ledger. This development is part of Ripple's broader strategy to expand its stablecoin across multiple blockchain networks, facilitating wider use of XRP within decentralized finance (DeFi) ecosystems. The sidechain aims to provide developers with access to familiar Ethereum-based tools while maintaining a strong link to the XRPL. RLUSD is being positioned for various applications such as trading, lending, payments, and settlement across different smart contract platforms. The multichain movement of RLUSD is enabled by Wormhole's Native Token Transfers (NTT) standard, which allows for direct token transfers across supported chains. This integration is expected to enhance cross-chain liquidity and support the growing demand for stablecoins in DeFi, offering users access to both dollar-backed assets and XRP within smart contract applications.