Ripple Expands $1.3B RLUSD Stablecoin to Ethereum L2s via Wormhole in Multichain Push [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
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Source: Yahoo! Finance
Ethereum layer-2 (L2) blockchains including Optimism, Coinbase's Base, Kraken's Ink and Uniswap's Unichain in a push to embed the $1.3 billion token deeper into the multichain ecosystem. The company, announcing the move Monday, said it is starting with a test phase ahead of a wider rollout expected next year, pending regulatory approval by the New York Department of Financial Services (NYDFS). The pilot integrates Wormhole's Native Token Transfers (NTT) standard, which allows RLUSD to move natively across chains without wrapping or synthetic assets. This helps maintain liquidity and regulatory control while supporting a range of decentralized finance (DeFi) use cases across networks optimized for speed and lower costs. Stablecoins are rapidly growing as a key piece of digital-finance plumbing connecting traditional finance and the crypto economy. They are a $300 billion class of cryptocurrencies, with prices pegged to fiat money like the U.S. dollar. Originally available on Et
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- 10/30/25 - Beat
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Sec Filings
- 12/15/25 - Form 144
- 12/10/25 - Form 4
- 12/10/25 - Form 4
- COIN's page on the SEC website