Executive Reece Merrick claims that RLUSD is moving beyond being a "Ripple-only" asset and positions it as the universal infrastructure for the entire crypto market.
This comes after the company rolled out RLUSD to multiple Ethereum Layer-2 chains, including Optimism, Base, Ink/Inkchain, and Unichain, with the help of Wormhole’s Native Token Transfer (NTT) standard.
Being "chain-agnostic"
RLUSD aims to become the "definitive and trusted gateway," meaning that it will be a regulated banking tool for the blockchain.
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Instead of fighting for users to come to them, Ripple is taking their product to where the users already are. They emphasize that the future is "multi-chain." Ripple cannot expect all users to migrate to the XRP Ledger (XRPL) to use their products.
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By expanding to Layer 2s (Optimism, Base, Ink, Unichain), Merrick is saying RLUSD must be "chain-agnostic." It needs to function just as well on Ethereum-based networks as it does on the XRPL.
Merrick has stressed that "RLUSD" needs to exist wherever there is demand.
Decentralized finance (DeFi) activity is currently surging on Layer 2 networks (like Base). If RLUSD were confined only to XRPL and Ethereum Mainnet, it would miss out on this massive volume.
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