• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Overview of XRPL EVM Sidechain and BNY Mellon Custodian for RLUSD

user avatar

by Giorgi Kostiuk

6 hours ago


Recent developments around the XRPL EVM sidechain and the new Ripple stablecoin RLUSD open new horizons for the XRP ecosystem. These achievements signify significant progress in XRP's use within decentralized finance.

What is XRPL EVM Sidechain?

The XRPL EVM sidechain is a parallel blockchain network connected to the XRP Ledger. It is designed to be compatible with the Ethereum Virtual Machine (EVM), enabling seamless deployment of Solidity-based decentralized applications (dApps).

Growth of XRPL EVM Sidechain's TVL

The XRPL EVM sidechain has surpassed $105 million in Total Value Locked (TVL), signifying its importance to the XRP ecosystem. With high throughput and interoperability, XRPL is establishing itself as a next-generation decentralized finance (DeFi) hub. Key projects supporting TVL growth include Strobe, Secured, and Vertex.

BNY Mellon and RLUSD: A New Level for XRP

Ripple has named Bank of New York Mellon as the primary custodian for reserve assets behind its stablecoin Ripple USD (RLUSD). This collaboration aims to enhance Ripple's regulatory standing and increase institutional confidence in stablecoins. Regarding XRP's role, it serves as a liquidity bridge for transactions related to RLUSD.

BNY Mellon's appointment as the primary custodian for RLUSD strengthens the XRP ecosystem. The institutional growth of RLUSD promotes wider XRPL usage and enhances XRP’s role as fuel for on-ledger activities.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Stablecoins on Base: 280% Growth in Active Addresses

chest

The Base network sees a 280% increase in stablecoin active addresses, despite a stable supply of tokens.

user avatarGiorgi Kostiuk

Little Pepe and TRON: Examining 9000% Growth Potential by 2025

chest

Analysis of the potential growth of Little Pepe and TRON with a forecast of up to 9000% by 2025.

user avatarGiorgi Kostiuk

Robinhood Announces ETH and SOL Staking for U.S. Users

chest

Robinhood introduces ETH and SOL staking for U.S. customers, offering simple participation in blockchain operations.

user avatarGiorgi Kostiuk

Kinto Coin ($K) Plunges 87% After Contract Exploit on Arbitrum

chest

Kinto Coin ($K) experienced a sharp decline of 87% following a contract exploit on Arbitrum, raising security concerns within the crypto sector.

user avatarGiorgi Kostiuk

Mutuum Finance and Pepe Coin: Trends and Predictions for 2025

chest

An overview of the prospects of Mutuum Finance and Pepe Coin in the cryptocurrency market in 2025, including token sales data and price direction.

user avatarGiorgi Kostiuk

Bitcoin Reaches a New Peak: Positive Trends in the Crypto Market

chest

Bitcoin sets a new record at $113,358.50 amid growing interest in ETFs and a favorable macroeconomic environment.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.