Ripple, the payments-focused blockchain firm closely related to the XRP Ledger (XRP), is taking its U.S. dollar-backed stablecoin Ripple USD (RLUSD) to Ethereum layer-2 (L2) blockchains including Optimism, Coinbase's Base, Kraken's Ink and Uniswap's Unichain in a push to embed the $1.3 billion token deeper into the multichain ecosystem. The company, announcing the move Monday, said it is starting with a test phase ahead of a wider rollout expected next year, pending regulatory approval by the New York De ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. XRP (CRYPTO: XRP) long valued for its liquidity and utility, expanded its multichain reach as Hex Trust brings XRP to Solana (CRYPTO: SOL) and other networks via a new wrapped asset, wXRP. What Happened: Hex Trust is launching wXRP, a regulated, 1:1-backed wrapped XRP issued and custodied by the firm. This enables XRP to move safely across chains and integrate into DeFi without relying on risky third-party ...

xrp etf. Photo by BeInCrypto XRP is set to expand beyond its native network after Hex Trust announced plans to issue and custody wrapped XRP (wXRP). This 1:1-backed representation of XRP will operate across major blockchains, including Ethereum and Solana. The initiative introduces a pathway for one of the top five digital assets by market size to access cross-chain DeFi applications. It extends XRP’s utility beyond the XRP Ledger into broader on-chain financial activity. XRP is Coming To Solana, Ethere ...