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▲ Ripple, RLUSD/ChatGPT Generated Image
Ripple's stablecoin RLUSD has been integrated into Wanchain (WAN)'s cross-chain bridge infrastructure, opening a financial highway connecting the XRP Ledger with the Cardano (ADA) and Ethereum (ETH) ecosystems.
According to a report by the cryptocurrency media outlet The Crypto Basic on April 28 (local time), Wanchain officially supports RLUSD in its bridge infrastructure. This integration allows users to move RLUSD between major networks such as the XRP Ledger, Cardano, and Ethereum without going through centralized exchanges. Wanchain has strengthened ecosystem connectivity by supporting not only bidirectional transfers between the XRP Ledger and Cardano but also seamless movement between Ethereum and Wanchain.
RLUSD's market indicators are showing growth alongside the news of this bridge expansion. Currently, RLUSD's market capitalization is approximately $1.6 billion, and its 24-hour trading volume surged by over 91% to reach $80.45 million. Notably, the supply on the Ethereum network has exceeded 1.2 billion RLUSD, and approximately 382 million RLUSD are circulating on the XRP Ledger, demonstrating its liquidity. With the expansion of bridge infrastructure, the problem of liquidity fragmentation that occurs when virtual assets move across multiple networks is expected to be resolved, leading to an increase in practical use cases.
Jack McDonald, Senior Vice President of Ripple's stablecoin division, emphasized that stablecoins are a key gateway for decentralized finance and institutional investor adoption. McDonald stated that RLUSD, as the first stablecoin to be regulated by the New York Department of Financial Services (NYDFS) trust regulations, will set a standard for simultaneously achieving on-chain efficiency and regulatory compliance. RLUSD is recognized as an asset suitable for institutional investors, boasting a transparent collateral structure with a 1:1 backing by cash and short-term U.S. government bonds.
RLUSD is currently preparing to expand into Ethereum Layer 2 networks such as Optimism (OP) and Base (BASE), accelerating its multi-chain vision. It is also increasing its global accessibility, including being listed on Coinone, a domestic cryptocurrency exchange. The connection with the Cardano ecosystem via the Wanchain bridge is expected to be a milestone for RLUSD, positioning it not just as a payment method but as a core liquidity layer for various decentralized applications. In the XRP ecosystem, where decreasing supply meets increasing demand, RLUSD is acting as a driving force for institutional capital inflow.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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