Squid Integrates Ripple's RLUSD Stablecoin, Enabling One-Click Cross-Chain Exchanges
Svmuu News: Squid, a cross-chain infrastructure platform, has announced the integration of RLUSD, a stablecoin issued by Ripple. Users can now exchange assets for RLUSD—or vice versa—across different blockchains and digital assets in a single transaction. Through this integration, RLUSD will be accessible across the more than 100 blockchains and 20,000+ tokens supported by Squid. Users can directly exchange assets such as USDC, USDT, ETH, and XRP for RLUSD without the need for manual cross-chain transfers, token wrapping, or multiple transactions. RLUSD is currently natively issued on the XRP Ledger and Ethereum, and extends to Layer 2 networks on the “Ethereum”—such as the XRPL EVM Sidechain, Optimism, Base, Ink, and Unichain—via Wormhole’s Native Token Transfer standard.Squid’s routing layer sits on top of these underlying transfer mechanisms, allowing users to utilize RLUSD without being restricted by the specific issuing chain. Squid states that its intent-based routing system relies on market makers providing liquidity on the target chain to fulfill orders, enabling settlement within seconds and compatibility with various cross-chain messaging and issuance standards. In addition to end users, developers can also integrate RLUSD via Squid’s tools for cross-chain payments, treasury management, user deposits, and DeFi applications.
Source:Odaily · Source Link
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