Squid has integrated Ripple’s RLUSD stablecoin into its cross-chain infrastructure, enabling users to perform swaps across more than 100 blockchains and over 20,000 tokens in a single transaction. With this update, traders can convert assets such as USDC, USDT, ETH, and XRP into RLUSD without relying on traditional bridging or wrapped token mechanisms. This integration significantly reduces friction in cross-chain activity and streamlines access to RLUSD liquidity.
Integration expands RLUSD usability across networks
Ripple issues RLUSD natively on the XRP Ledger and Ethereum, while Wormhole’s Native Token Transfer standard extends its reach to Ethereum layer 2 networks, including Base, Optimism, Ink, Unichain, and the XRPL EVM Sidechain. Squid’s infrastructure is designed to operate above these base frameworks, offering a unified interface that enables swaps regardless of RLUSD’s chain of origin.
By leveraging an intent-based routing model, Squid taps into liquidity pools on destination chains and finalizes cross-chain swaps within seconds. This design minimizes manual steps typically associated with multi-chain transactions while preserving decentralized settlement. It also maintains compatibility with multiple cross-chain messaging systems, making the integration flexible for a wide variety of blockchain environments.
Broader access for developers and businesses
RLUSD is now available through Squid’s web interface and can be integrated directly into third-party applications, providing developers and businesses with streamlined access to cross-chain stablecoin functionality. Companies can now manage payments, treasury operations, and settlements across numerous chains without having to orchestrate complex routes or maintain accounts on multiple exchanges.
The XRP ecosystem has already begun to adopt this integration. Projects and services including Strobe, Girin, D’CENT, Ondex, Risepad, OnchainGM, and AhnLab are incorporating RLUSD via Squid. AhnLab, in particular, plans to embed this capability into its wallet-as-a-service solution, enabling clients to offer cross-chain RLUSD transfers natively within their products.
Market impact and growing adoption
Launched in December 2024, RLUSD has grown to a market capitalization of approximately $1.6 billion, driven by increasing trading volumes and demand for regulated, dollar-backed stablecoins. Its cross-chain expansion aligns with a broader trend toward stable assets that can move freely and efficiently across multiple blockchain environments.
Squid, which emerged from the Axelar ecosystem, continues to build on its role as a key interoperability provider. The company raised $6 million in May 2026 from investors including Ripple and North Island Ventures, bringing its total funding to $13.5 million. This capital supports further development of Squid’s cross-chain routing technology and its integrations with leading blockchain networks and protocols.
Interoperability demand accelerates
The expanded RLUSD support underscores a larger market shift toward seamless blockchain connectivity and away from siloed network structures. Industry forecasts suggest that the interoperability sector could reach $738.62 million in 2026, reflecting rising demand for unified liquidity and streamlined value transfer across chains.
For traders, the ability to execute cross-chain swaps in seconds provides a tangible advantage, allowing them to capture arbitrage and liquidity opportunities that previously required multiple transactions and long wait times. At the same time, using a regulated stablecoin like RLUSD across networks reduces reliance on traditional bridges, an area where more than $20 billion in value has remained stranded or locked during recent market cycles.
This development signals an ongoing push toward simplifying digital asset mobility. As connected liquidity becomes the standard, solutions like Squid’s RLUSD integration are likely to play a central role in how capital flows across the blockchain industry, supporting more efficient markets and broader adoption of interoperable financial infrastructure.
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