Ripple Expands RLUSD to Ethereum Layer 2s with Wormhole

Ripple Labs is expanding its US dollar-backed stablecoin RLUSD to Ethereum layer-2 blockchains as part of a pilot while it awaits regulatory approval for a full rollout next year.

In partnership with Wormhole, a crosschain interoperability protocol that allows assets to move between different blockchains, the pilot will test RLUSD on Optimism, Base, Ink, and Unichain, according to a statement from Ripple on Monday.

Initially, RLUSD was issued on the XRP Ledger and Ethereum; however, Ripple said that the latest expansion is “essential for a scalable,…