- Squid integrated Ripple’s RLUSD, connecting the stablecoin to more than 100 blockchains and over 20,000 digital assets through a single routing layer.
- Users can swap assets such as USDC, USDT, ETH and XRP directly into RLUSD without manual bridging or token wrapping across separate transactions.
- RLUSD carries a market capitalisation of about US$1.6 billion, and five XRP-ecosystem protocols have already integrated Squid.
Cross-chain platform Squid has integrated Ripple’s RLUSD stablecoin, enabling users to swap into and out of the token across more than 100 blockchains and over 20,000 digital assets in a single transaction.
The integration routes assets such as USDC, USDT, ETH and XRP directly into RLUSD, removing the need to manually bridge funds, wrap tokens or chain together multiple transactions. By handling that routing behind a single step, Squid aims to widen access to a stablecoin that has so far circulated on a narrower set of networks.
RLUSD is issued natively on the XRP Ledger and Ethereum, with Wormhole’s Native Token Transfers standard extending it to Ethereum layer-2 networks including the XRPL EVM Sidechain, Optimism, Base, Ink and Unichain.
Squid’s routing layer sits above that footprint, reaching more than 100 chains and over 20,000 tokens so users can convert almost any asset into RLUSD.
“Squid handles that routing layer, which opens up a lot for payments, DeFi, and treasury use cases,” stated Lauren Berta, Ripple’s Stablecoin Product Lead.
The company listed cross-chain payments, access to decentralised finance and tokenised real-world asset platforms, automated payments and enterprise on- and off-ramps as the main use cases the integration unlocks.
Read more: BTC Holds Steady as Iran Closes Strait of Hormuz and Oil Surges Past $91
Expanding a Compliant Stablecoin
RLUSD carries a market capitalisation of about US$1.6 billion (AU$2.27 billion), easing from roughly US$1.7 billion (AU$2.41 billion) in recent weeks, leaving it well behind the largest dollar-pegged tokens.
Ripple has positioned RLUSD as a compliant, institutional-grade stablecoin, and broader distribution is central to closing that gap.
Adoption within the XRP ecosystem is already building, with five protocols, Strobe, Girin, D’CENT, Ondex and Risepad, having integrated Squid.
Squid said the integration unlocks cross-chain payments, access to decentralised finance and tokenised real-world asset platforms, automated payments and enterprise on- and off-ramps, framing RLUSD as a settlement asset rather than a single-chain token.
Related: Ripple’s Garlinghouse Calls Out Jamie Dimon Over Crypto Clarity Act Criticism
Credit: Source link
