Ripple launched its dollar-backed stablecoin called RLUSD on the XRPL EVM Sidechain. With this step, the company aims to establish a direct connection between the XRP Ledger and EVM-compatible tools while moving RLUSD to more blockchain networks.
RLUSD launched on new sidechain
XRPL EVM Sidechain now offers RLUSD support. Thus, Ripple’s stablecoin became available on a network that is connected to the XRP Ledger and supports Ethereum-compatible applications. Ripple described this launch as part of RLUSD’s multi-chain expansion.
In the statement shared by RippleX, it was stated that the XRPL EVM Sidechain is now live with RLUSD and that this structure maintains its close connection with the XRP Ledger while maintaining compatibility with existing EVM developer tools.
This structure allows developers to use familiar Ethereum-based tools while remaining connected to the XRPL ecosystem. RLUSD is expected to be used in smart contract networks in areas such as transaction, lending, payment and reconciliation.
Mini dictionary: XRPL EVM Sidechain is a sidechain that works in conjunction with the XRP Ledger and supports Ethereum Virtual Machine compatible smart contracts. NTT, on the other hand, is used as a standard developed by Wormhole that aims to move tokens natively between supported networks.
Ripple is known as a US-based technology company that develops cross-border payment infrastructures and enterprise blockchain solutions. The company’s RLUSD move comes at a time when demand for stablecoins in the decentralized finance space is increasing.
Decentralized finance usage area for XRP is expanding
The addition of RLUSD to this network could allow XRP to gain more usage areas with stablecoin-based applications. According to the information conveyed, XRP; It will be able to play a role in functions such as liquidity, clearing, collateral, payment and reconciliation.
This model allows users to access both a dollar-backed asset and XRP within smart contract applications. From a developers’ perspective, a wider set of options emerges when designing payment and trading-focused tools.
It was stated that with the opening of RLUSD, it is aimed to support the wider use of XRP Ledger-related assets in smart contract environments.
Wormhole NTT supports multi-chain migration
RLUSD’s multi-chain expansion uses Wormhole’s Native Token Transfers, aka NTT standard. This standard allows tokens to move natively between supported networks. This approach departs from the wrapped asset model and aims to help asset movement remain more consistent across networks.
According to Ripple, the use of Wormhole NTT supports RLUSD reaching new environments without being limited to a single network. This could also expand the role of regulated stablecoins in blockchain finance.
With the launch of XRPL EVM Sidechain, RLUSD has a new channel to smart contract ecosystems. This expansion marks one of the latest steps in Ripple’s effort to connect stablecoin payments, XRP liquidity, and access to multi-chain decentralized finance.
