Catenaa, Monday, June 22, 2026- Ripple’s dollar-backed stablecoin RLUSD has gained a major boost in interoperability after cross-chain infrastructure provider Squid integrated the asset into its routing network, enabling seamless transfers and swaps across more than 100 blockchain ecosystems.
The integration allows users to move into and out of RLUSD from over 20,000 supported digital assets through a single transaction without manually bridging funds, wrapping tokens or executing multiple trades.
The development marks another step in Ripple’s effort to position RLUSD as a global settlement asset capable of competing with larger stablecoins such as USDT and USDC.
Through Squid’s routing infrastructure, users can now convert assets including USDC, USDT, Ethereum and XRP directly into RLUSD regardless of the blockchain on which the assets originate.
The integration operates across multiple blockchain ecosystems and eliminates one of the biggest barriers facing stablecoin adoption: fragmented liquidity across different networks.
Instead of requiring users to navigate multiple bridges and exchanges, Squid’s infrastructure routes transactions automatically and settles them within seconds.
The expansion comes as competition among dollar-backed stablecoins accelerates globally.
Since launching in December 2024, RLUSD has grown to a market capitalization of approximately $1.6 billion. While still significantly smaller than Tether’s USDT and Circle’s USDC, Ripple has focused heavily on institutional payments, treasury operations and cross-border settlement use cases.
The new interoperability layer substantially increases RLUSD’s accessibility across decentralized finance ecosystems and blockchain-based financial applications.
Ripple and Squid say the integration unlocks a range of new applications for businesses and developers.
Potential use cases include cross-border payments, treasury management, automated settlements, decentralized finance participation and tokenized real-world asset transactions.
Developers can also access RLUSD through Squid’s software development tools, enabling businesses to integrate cross-chain stablecoin functionality directly into their platforms.
Several projects within the XRP ecosystem have already begun integrating the technology, including payment providers, wallets, lending protocols and token launch platforms.
Interoperability has become one of the most important battlegrounds in the stablecoin sector.
As blockchain ecosystems multiply, stablecoins that can move seamlessly between networks gain a competitive advantage in attracting users, liquidity and institutional adoption.
For Ripple, the integration expands RLUSD beyond its native environments on the XRP Ledger and Ethereum, positioning it as a more versatile settlement asset across the broader crypto economy.
RLUSD was launched by Ripple in December 2024 as a fully backed US dollar stablecoin designed for payments, settlement and enterprise financial applications. The stablecoin initially operated on the XRP Ledger and Ethereum before expanding through interoperability frameworks such as Wormhole’s Native Token Transfer standard. Squid, originally incubated within the Axelar ecosystem, specializes in cross-chain infrastructure and intent-based transaction routing. The company recently raised $6 million in funding, bringing its total capital raised to $13.5 million. As stablecoin regulation advances globally through frameworks such as the US GENIUS Act and Europe’s MiCA rules, interoperability is increasingly viewed as a critical factor in determining long-term market leadership.
