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Ripple Labs is moving to broaden the reach of its US dollar-backed stablecoin, RLUSD, by testing it across several Ethereum layer 2 blockchains as part of a new pilot programme.
The expansion comes as the company waits for regulatory clearance to move toward a wider rollout planned for next year.
By extending RLUSD beyond its initial launch environments, Ripple is positioning the stablecoin for deeper integration into decentralised finance and institutional blockchain use cases.
The pilot also reflects a broader industry shift toward multichain infrastructure, where stablecoins are expected to operate seamlessly across multiple networks rather than remain confined to a single ecosystem.
The pilot is being carried out in partnership with Wormhole, a crosschain interoperability protocol that enables assets to move between blockchains.
Under the arrangement, RLUSD will be tested on Optimism, Base, Ink, which is an Ethereum layer 2 developed by Kraken, and Unichain.
RLUSD was initially issued on the XRP Ledger and Ethereum. Ripple has indicated that expanding to layer 2 networks is a necessary step to support scalability, efficiency, and interoperability as blockchain activity increasingly shifts to lower-cost environments built on Ethereum.
The pilot phase is intended to evaluate how RLUSD functions across these networks before a broader launch, which remains dependent on regulatory approval.
A key technical aspect of the expansion is the use of Wormhole’s Native Token Transfers standard.
According to Wormhole, this approach allows RLUSD to move between blockchains as the same native asset rather than relying on wrapped or synthetic versions.
In many multichain models, tokens are locked on one chain while a wrapped version is created on another, which can fragment liquidity.
Wormhole’s system is designed to maintain a single canonical version of RLUSD on each supported blockchain, with Ripple retaining control over the token contracts.
This structure is intended to preserve liquidity and simplify crosschain usage, which is particularly relevant for stablecoins expected to support payments, decentralised finance, and institutional settlement.
RLUSD was launched in December 2024 and currently has a market capitalisation of $1.3 billion, according to CoinGecko data.
While it remains much smaller than established stablecoins, it has begun gaining traction among retail users.
By comparison, Tether’s USDT has a market cap of $186 billion, Circle’s USDC stands at $78 billion, and Sky Protocol’s USDS holds $9.8 billion.
RLUSD adoption has been supported by integrations with platforms such as Transak and increasing use across self-custodial wallets, including Xaman.
Ripple views stablecoins as a key bridge between decentralised finance and institutional adoption, with RLUSD positioned as a compliance-focused option within a growing multichain landscape.
A well-known crypto voice on X is drawing attention to what he calls a “big move for XRP & RLUSD.” He points to Bitnomial, a regulated U.S. derivatives exchange, which recently extended its margin program to include stablecoins and digital assets. Xaif believes this could introduce a new phase of utility for XRP and RLUSD as real-world assets, raising the question: if their use is growing, will their prices also start to rise?
In a post shared with his followers, the crypto pundit highlighted that Bitnomial is now the first clearinghouse in the country to accept stablecoins as margin collateral. Sharing an image from Bitnomial’s official announcement, he wrote, “Utility is going mainstream,” pointing to how Ripple USD (RLUSD) and XRP are now part of the company’s first-ever stablecoin margin program.
According to the Bitnomial statement, institutional clients can already use RLUSD and XRP for margin deposits when trading leveraged futures, options, and perpetual contracts on the Bitnomial Exchange, and now, retail access will follow soon through Bitnomial’s retail trading platform, Botanical.
Xaif Crypto suggests the move proves Ripple’s digital assets infrastructure is gaining a stronger foothold in regulated markets. His emphasis on mainstream crypto utility suggests growing optimism that XRP’s utility is growing beyond payments into everyday trading systems. In this context, greater institutional recognition of XRP and RLUSD could boost liquidity and market activity, potentially supporting XRP’s price uptrend.
In the X post highlighted by Xaif Crypto, Bitnomial confirmed that its registered clearinghouse, Bitnomial Clearinghouse, LLC, is officially the first U.S.-regulated derivatives clearinghouse to accept both stablecoins and other digital assets as margin collateral.
According to the press release, the company’s latest extension into digital asset-based collateral enables traders to post margin using US-pegged stablecoins, such as RLUSD, thereby improving capital efficiency while maintaining blockchain-based settlement. It also extends digital asset support to XRP, integrating it more deeply into institutional trading frameworks and opening new possibilities for its use in leveraged crypto derivatives.
Following an earlier move in September 2025, Bitnomial became the first CFTC-regulated exchange to accept crypto assets as native margin deposits. The development underscores the link between regulatory approval and real-world crypto trading, suggesting it could strengthen both XRP’s and RLUSD’s practical roles in the market. As these roles evolve beyond theory into regulated use, attention now turns to how prices may respond.
With XRP trading around $2.24, the question “Will price follow?” remains open. Xaif Crypto suggests a moment when real crypto utility and market performance may finally align, showing progress for the XRP price as trading grows more consistent and market depth improves.
Featured image created with Dall.E, chart from Tradingview.com
RLUSD, the stablecoin launched by blockchain payments firm Ripple Labs Inc., has recorded a significant increase in its 24-hour trading volume. According to CoinMarketCap, this metric climbed by about 75% and with a market capitalization of $789.54 million, positioned RLUSD among the top 100 cryptocurrencies.
Ripple’s RLUSD has had one of the strongest seasons in the past few weeks. This includes multiple listings on exchanges and integrations with top projects. More recently, it saw its 24-hour trading volume jump by 75% to hit a new high. In addition to the rally, the USD-pegged stablecoin has seen its market cap make significant progress.
Per CoinMarketCap data, RLUSD’s market cap is currently at $789.54 million, making the stablecoin the 92nd largest cryptocurrency in the industry. Only a few days ago, cryptocurrency exchange Bybit expressed its support for Ripple’s RLUSD by listing the stablecoin, a significant move towards bridging the gap between Traditional Finance (TradFi) systems and the Decentralized Finance (DeFi) ecosystem.
By making this move, the Bybit exchange is offering potential users direct access to a digital asset that provides seamless transitions between regulated, tokenized funds that yield returns and liquid crypto assets. Multiple trading pairs, including RLUSD/USDT, RLUSD/ETH, RLUSD/BTC, RLUSD/MNT, and RLUSD/XRP, are now available on the Bybit platform.
Another recent win for the stablecoin involves a deal with major asset managers. For context, BlackRock’s BUIDL and VanEck VBILL tokenized funds’ shareholders are now allowed to exchange their shares for Ripple’s RLUSD. This development is likely to bring more utility to the stablecoin.
While RLUSD grabs the attention of investors, BEST Wallet is also making major waves. As it stands, it is currently rated among the best crypto presales. BEST Wallet offers users complete control over their assets, by-passing banks and other intermediaries.
If you are looking at gathering future gains, it is likely the right project to consider. Loyal users who interact with the project will be rewarded with community discounts on trading fees. Also, they are eligible for enhanced staking rewards and early access to crypto presales, among others.
Investors can get early access to the Best Wallet token BEST by participating in its ongoing presale.
Current Presale Stats:
Current Price: $0.025725
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There are only about 24 hours for interested crypto enthusiasts to purchase the token at a discounted price.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
The price of XRP has shown notable resilience even as broader market sentiment remains cautious.
As of press time, XRP trades at $2.18, reflecting a slight 0.2% increase over the past 24 hours.
The cryptocurrency rebounded sharply after falling to $2.06 on Thursday, recovering most of the intraday losses and closing the trading session with signs of renewed bullish pressure.
While XRP has been showing signs of strength, Ripple’s stablecoin, Ripple USD (RLUSD), has suffered a sharp drop in market activity.
The trading volume for RLUSD has declined by more than 60%, plunging to around $42 million according to CoinMarketCap data.
According to market observers, the decline has been attributed to a pause in minting, as Ripple has not issued any new RLUSD tokens in over 41 days. This prolonged halt suggests either a strategic move to limit supply or waning demand for the asset.
The drop in volume has led to speculation about its potential impact on the XRP Ledger ecosystem.
Some analysts argue that lower RLUSD activity could reduce liquidity across decentralised exchanges and decentralised applications built on the XRPL.
Although RLUSD was introduced as a competitor to dominant stablecoins like USDT and USDC, the recent decline hints that user adoption may be stalling.
However, XRP has remained relatively insulated from this downturn, largely due to its broader utility in cross-border payments and remittances.
Despite the interconnectedness of the two assets within Ripple’s ecosystem, XRP’s price dynamics appear to be decoupling from those of RLUSD.
This separation reinforces the view that XRP’s valuation is being driven more by investor sentiment and trading activity than by RLUSD’s performance.
Over the last seven days, XRP has hovered within a tight range of $2.09 to $2.28, suggesting a consolidation phase.
Notably, it has registered a 313.9% gain year-on-year, a strong signal of underlying investor confidence.
Despite a “death cross” formation (the SMA 50 went below the SMA 200) on the hourly chart—a technical pattern typically interpreted as bearish—XRP defied expectations and staged a reversal.
XRP bulls, undeterred, successfully defended key support levels and ignited a recovery that coincided with an over 70% surge in trading volume, which reached $3.5 billion within 24 hours.
The strong volume support underscores that buyer interest remains active, even amid mixed technical signals.
Looking ahead, XRP’s price outlook presents a balanced mix of caution and optimism.
On the hourly chart, the asset is attempting to break past short-term resistance at $2.19, which aligns with the 200-hour simple moving average.
A successful breakout above this level could pave the way for another test of the $2.28 zone, which marked a recent high.
Failure to close above $2.19, however, may trigger a pullback toward $2.15, a range where XRP has shown stability over the past few sessions.
On the daily chart, XRP recently bounced off the $2.0777 support level, suggesting that bullish sentiment is not entirely exhausted.
Although momentum has slowed, the asset remains within a consolidation channel between $2.15 and $2.25.
Unless sellers gain control, this range-bound behaviour is expected to continue in the short term.
A strong weekly close above $2.25 could revive hopes for a push toward the $2.40 level, which would represent a fresh local high.
In the short term, as long as key support levels hold and volume remains elevated, XRP may continue to trade with a slight bullish bias in the coming days.
