The post Ripple’s RLUSD Eyes Wider Adoption as Stablecoin Expands to Coinbase’s L2 Base appeared on BitcoinEthereumNews.com. Ripple’s RLUSD stablecoin could seeThe post Ripple’s RLUSD Eyes Wider Adoption as Stablecoin Expands to Coinbase’s L2 Base appeared on BitcoinEthereumNews.com. Ripple’s RLUSD stablecoin could see

Ripple’s RLUSD Eyes Wider Adoption as Stablecoin Expands to Coinbase’s L2 Base

2025/12/16 01:24

Ripple’s RLUSD stablecoin could see wider adoption, as the crypto firm just announced plans to expand it to four Ethereum layer-2 networks, including Coinbase’s Base. This announcement comes just days after the firm gained a conditional approval to become a U.S. trust bank, which gives RLUSD a dual layer of regulation.

Ripple’s RLUSD To Expand To Coinbase’s Layer-2 Base

In a press release, the crypto firm announced that it is taking an important step toward a multichain future with the launch of its stablecoin on layer-2 networks ahead of the official debut next year, pending regulatory approval. Ripple has partnered with Wormhole to begin testing on Base, Optimism, Kraken’s Ink, and Uniswap’s Unichain.

This development follows the OCC’s grant of a conditional approval to Ripple, a move which the company’s CEO Brad Garlinghouse described as a major step forward for RLUSD. Now, the firm is looking to widen the stablecoin’s adoption with this “true Multichain Strategy.”

Furthermore, it is worth mentioning that the stablecoin is currently only available on the Ethereum network and XRP Ledger (XRPL). RLUSD currently has a market cap of just over $1 billion and ranks among the fastest-growing stablecoins based on its year-to-date (YTD) growth.

Meanwhile, Ripple stated that the move to expand RLUSD to L2s is essential for “a scalable, efficient, and interoperable future.” The firm further remarked that leveraging Wormhole’s Native Token Transfers (NTT) standard allows them to maintain native issuance and control the stablecoin while providing the security and flexibility of on-chain liquidity movement across the new ecosystems.

Ripple also highlighted RLUSD’s regulatory edge, which it believes could give it an advantage as more institutions move on-chain. Besides the U.S., the firm has already secured multiple licenses to boost the stablecoin’s adoption, recently securing approval from Abu Dhabi’s FRSA for use across the region’s markets.

Bid To Enhance XRP And RLUSD’s Utility

Ripple stated that it prioritizes issuing RLUSD wherever there is demand for XRP, aiming to strengthen the utility of both assets. It alluded to the HEX Trust’s issuance of wrapped XRP (wXRP) on Solana, a step it noted will make it significantly easier for XRP holders to use the altcoin alongside RLUSD as the primary liquidity pair on supported chains.

The crypto further remarked that the issuance of wrapped XRP on Solana creates new opportunities across the ecosystem, enabling businesses to seamlessly support XRP and RLUSD for services such as payments, swaps, checkout options, and just crypto trading. Hex Trust had mentioned that it plans to issue wXRP on Optimism, Ethereum, HyperEVM, and other chains.

Ripple is aligning with this vision, planning to launch RLUSD on additional chains next year, which would complement XRP’s utility on those chains. The crypto firm noted that the launch of these stablecoins on these other chains will be subject to regulatory approval.

Source: https://coingape.com/xrp-news-ripples-rlusd-expands-to-coinbases-l2-base/

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BitcoinWorld Crucial Fed Rate Cut: October Probability Surges to 94% The financial world is buzzing with a significant development: the probability of a Fed rate cut in October has just seen a dramatic increase. This isn’t just a minor shift; it’s a monumental change that could ripple through global markets, including the dynamic cryptocurrency space. For anyone tracking economic indicators and their impact on investments, this update from the U.S. interest rate futures market is absolutely crucial. What Just Happened? Unpacking the FOMC Statement’s Impact Following the latest Federal Open Market Committee (FOMC) statement, market sentiment has decisively shifted. Before the announcement, the U.S. interest rate futures market had priced in a 71.6% chance of an October rate cut. However, after the statement, this figure surged to an astounding 94%. 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Looking Ahead: What Could This Mean for Your Portfolio? While the 94% probability for a Fed rate cut in October is compelling, it’s essential to consider the nuances. Market probabilities can shift, and the Fed’s ultimate decision will depend on incoming economic data. Actionable Insights: Stay Informed: Continue to monitor economic reports, inflation data, and future Fed statements. Diversify: A diversified portfolio can help mitigate risks associated with sudden market shifts. Assess Risk Tolerance: Understand how a potential rate cut might affect your specific investments and adjust your strategy accordingly. This increased likelihood of a Fed rate cut presents both opportunities and challenges. It underscores the interconnectedness of traditional finance and the emerging digital asset space. Investors should remain vigilant and prepared for potential volatility. 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