Ripple Expands $1.3B RLUSD Stablecoin to Ethereum L2s via Wormhole in Multichain Push

Ripple is expanding its RLUSD stablecoin worth $1.3 billion to Ethereum Layer 2 solutions, testing it on platforms like Optimism, Base, Ink, and Unichain. This move is part of Ripple's multi-chain strategy, aiming to adapt to various blockchains. The company plans to add more blockchains pending regulatory reviews, suggesting potential growth opportunities in the increasingly competitive stablecoin market. With this deployment, users will benefit from fast transactions and lower costs associated with Ethereum L2. However, challenges remain due to regulatory scrutiny and market fluctuations, which may affect the adoption of Ripple's stablecoin. Overall, this expansion enhances Ripple's competitiveness against other stablecoins, with market developments to watch closely.