WormholeRipple's RLUSD stablecoin extends cross-chain via Wormhole NTT
Ripple's institutional-grade stablecoin — the token at ethereum:0x8292bb45bf1ee4d140127049757c2e0ff06317ed — is now built to move across chains using Wormhole's Native Token Transfers (NTT). The mechanism lets the asset extend across multiple chains while maintaining a unified token standard, so holders get direct on-chain access across networks without liquidity pools.
Wormhole
Wormhole Network is a generic message passing protocol connecting high value blockchains together, with applications leveraging the the core messaging layer to facilitate interoperability between ecosystems. Secured by 19 guardians, developers are able to leverage the protocol to send arbitrary data cross-chain including tokens, NFTs, oracle data, governance decisions and more. Recent implementations of Wormhole include the Portal and NFT bridge, allowing for seamless asset transfers across supported chains. Currently connected to Solana, Terra, Ethereum, Binance Smart Chain, Polygon, Avalanche and Oasis, its design also allows for fast consensus, easily extensible and upgradable design to connect to more chains allows developers to build on top of Wormhole easily.
