Squid integrated Ripple's RLUSD stablecoin, connecting the token to more than 100 blockchains and over 20,000 digital assets through a single routing layer. The integration enables users to 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 $1.6 billion, positioning it well behind the largest dollar-pegged tokens as Ripple aims to widen access to the stablecoin beyond its initial network footprint.
Squid Routes Assets Across 100+ Blockchains for RLUSD Access
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. Squid handles that routing behind a single step.
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.
RLUSD Holds $1.6 Billion Market Cap
RLUSD carries a market capitalisation of about $1.6 billion, easing from roughly $1.7 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.
Five XRP-Ecosystem Protocols Integrated Squid
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.
FAQ
What did Squid integrate with Ripple's RLUSD?
Squid integrated Ripple's RLUSD stablecoin, connecting the token to more than 100 blockchains and over 20,000 digital assets through a single routing layer.
Which protocols in the XRP ecosystem have integrated Squid?
Five XRP-ecosystem protocols have integrated Squid: Strobe, Girin, D'CENT, Ondex and Risepad.
What is RLUSD's current market capitalisation?
RLUSD carries a market capitalisation of about $1.6 billion, easing from roughly $1.7 billion in recent weeks.
