Squid, a cross-chain infrastructure platform, has integrated Ripple's RLUSD stablecoin, allowing users to swap into and out of RLUSD across blockchains and digital assets "in a single transaction."
Squid said the integration connects RLUSD to more than 100 blockchains and over 20,000 supported tokens through its routing layer. Users can swap assets such as USDC, USDT, ETH, and XRP directly into RLUSD without manually bridging assets, wrapping tokens, or completing multiple transactions.
Ripple issues RLUSD natively on the XRP Ledger and Ethereum, while Wormhole's Native Token Transfer (NTT) standard extends the stablecoin to additional Ethereum layer 2 networks, including the XRPL EVM Sidechain, Optimism, Base, Ink, and Unichain. Squid said its integration sits above those underlying transfer mechanisms, enabling users to swap into and out of RLUSD regardless of how the token is issued on a particular chain.
"We allow fast, cheap movement via intents and swaps to and from any coin across all supported chains," Squid's pseudonymous co-founder Fig told The Block. "We are also developing payment widgets and SDKs [software development kits] for payments and trading that will be used by Ripple developers and partners."
