Key facts
- Ripple's RLUSD stablecoin is now multichain via Wormhole's Native Token Transfers (NTT).
- RLUSD can now be transferred natively across over 40 blockchain networks.
- Ripple is launching RLUSD in Türkiye through partnerships with local exchanges BiLira, Bitexen, and Bitlo.
- RLUSD is positioned for use in payments, tokenization, and collateral management.
- The XRP Ledger's RWA ecosystem surpassed $3 billion in tokenized value in April.
Ripple's USD-backed stablecoin, RLUSD, has achieved multichain status through an integration with Wormhole's Native Token Transfers (NTT). This allows RLUSD to be transferred natively across more than 40 blockchains, avoiding the complexities of wrapped tokens. The expansion is part of Ripple's strategy to leverage RLUSD for payments, tokenization, and collateral management, catering to enterprise demand. Concurrently, Ripple is launching RLUSD in Türkiye through partnerships with local exchanges BiLira, Bitexen, and Bitlo, aiming to provide regulated USD-backed asset access to the Turkish market, which has a high crypto adoption rate and recently implemented a licensing framework for crypto service providers. This move is expected to enhance cross-border liquidity for Turkish businesses. The XRP Ledger's real-world asset (RWA) ecosystem has also seen significant growth, surpassing $3 billion in tokenized value in April.