NEW: $wXRP is now live on @Solana via @Hex_Trust and @LayerZero_Core. https://t.co/LZ32O6WkTC ...

RT RippleX (@RippleXDev)🚀 wXRP is now live on @solana, enabled by @Hex_Trust and @LayerZero_Core.Growing demand for $XRP is driving liquidity cross-chain—opening new paths across ecosystems and expanding the overall market. ...

RT RippleX (@RippleXDev)🚀 wXRP is now live on @solana, enabled by @Hex_Trust and @LayerZero_Core.Growing demand for $XRP is driving liquidity cross-chain—opening new paths across ecosystems and expanding the overall market. ...

XRP Goes Live On Solana, Price Rips 5% To $1.50$XRP is now live on @solana as wXRP, a 1:1 custody-backed wrapped asset issued by Hex Trust and bridged through LayerZero. The launch opens XRP up to Solana's DEXs, lending protocols, and liquidity pools for the first time.$wXRP is fully redeemable 1:1 for native XRP on the XRP Ledger and uses LayerZero's Omnichain Fungible Token standard for cross-chain movement. Over $100 million in initial liquidity is backing the rollout.XRP is up 5.15% over the last 24 hou ...

🚨JUST IN: $XRP TO EXPAND ACCESS TO CHAINS LIKE $SOL FOR LIQUIDITY AND DEVELOPEMENTA Technical conversation about wXRP how it works across chains will take place Feb 12th 7:30 PM ET | 4:30 PM PT | 12:30 AM GMT (Feb 12) | 8:30 AM SGT (Feb 12)The conversation will feature@vibhu@SolanaFndn@GiorgiaPellizz4@Hex_Trust ...

Core Viewpoint - Ripple is expanding its U.S. dollar-backed stablecoin, Ripple USD (RLUSD), to Ethereum layer-2 blockchains to enhance its integration within the multichain ecosystem [1][2]. Group 1: Company Developments - The company is initiating a test phase for RLUSD on various layer-2 blockchains, with a broader rollout anticipated next year, contingent on regulatory approval from the New York Department of Financial Services (NYDFS) [2]. - RLUSD is issued under a NYDFS Trust Charter and has recently received initial approval for a federal trust bank charter from the Office of the Comptroller of the Currency (OCC), positioning it as the first stablecoin under both state and federal regulatory oversight [5]. Group 2: Technological Integration - The pilot program incorporates Wormhole's Native Token Transfers (NTT) standard, enabling RLUSD to transfer natively across chains without the need for wrapping or synthetic assets, thereby maintaining liquidity and regulatory control [3]. - The rollout will also support a wrapped version of the XRP token (wXRP), facilitating easier swaps, lending, and payments across supported chains for users [6]. Group 3: Industry Context - Stablecoins are emerging as a crucial component of digital finance, bridging traditional finance and the crypto economy, with a total market size of $300 billion [4]. - The launch of RLUSD on layer-2 networks is seen as a significant step towards enhancing utility and establishing compliance standards within the decentralized finance (DeFi) space [6].

Core Insights - XRP has expanded its multichain capabilities with the launch of wXRP, a regulated wrapped asset that is 1:1 backed by XRP, issued and custodied by Hex Trust [1][2] - The introduction of wXRP allows for safe cross-chain transactions and integration into DeFi, eliminating the need for risky third-party bridges, and it has debuted with over $100 million in total value locked [2][3] - Ripple has received conditional approval from the OCC to charter Ripple National Trust Bank, marking a significant regulatory milestone for stablecoin compliance [4] Group 1 - wXRP will be usable on multiple networks including Solana, Optimism, Ethereum, and HyperEVM, facilitating trading, liquidity provision, rewards, and secure cross-chain transfers [2][3] - The rollout of wXRP enhances the liquidity pairs available for XRP and extends its presence in the DeFi space beyond the XRPL [3] - Ripple's CTO emphasized that the expansion of XRP ecosystems contributes to real utility, with XRPL serving as a secure anchor for the entire ecosystem [5] Group 2 - Industry experts envision a future where crypto ecosystems collaborate rather than compete, focusing on advancing beyond the traditional financial system [6] - Recent market activity included significant whale selling of approximately 280 million XRP, with analysts identifying key resistance and support levels at $2.17, $1.96, and $1.78 [6]

Core Insights - XRP is expanding its utility beyond its native network through the issuance and custody of wrapped XRP (wXRP) by Hex Trust, allowing it to operate across major blockchains like Ethereum and Solana [1][2] Group 1: Wrapped XRP (wXRP) Overview - Each wXRP will be fully backed by native XRP held in segregated custody at Hex Trust, with minting and redemption available to authorized participants in a compliant environment [2] - wXRP will launch with over $100 million in Total Value Locked, providing immediate liquidity and supporting stable market activity from day one [3] - The wrapped asset utilizes LayerZero's Omnichain Fungible Token standard, enabling multi-chain participation [3] Group 2: DeFi and Cross-Chain Utility - wXRP expands XRP liquidity in DeFi and cross-chain networks, enhancing utility between XRP and RLUSD, built on trusted, compliant infrastructure [4] - The wrapped token allows users and institutions to engage in cross-chain activities, including swaps and liquidity provision within a regulated framework [5] - Each wXRP is fully backed and redeemable for native XRP, facilitating movement between blockchains without reliance on unregulated third-party bridges, thus reducing counterparty exposure [6] Group 3: Market Impact and Demand - There is a growing demand for utilizing XRP across the broader cryptocurrency ecosystem and among institutions, which Hex Trust aims to address [6] - Despite the announcement, the price of XRP saw minimal positive impact, rising just over 1% in the past 24 hours, trading at $2.04 at the time of writing [6]