Key Highlights
- 15, 2025 at 6:00 am UTC 6 min read Updated: Dec.
- 14, 2025 at 12:44 pm UTC Share Cover art/illustration via CryptoSlate.
- Image includes combined content which may include AI-generated content.
- Hex Trust launched wrapped XRP across Ethereum, Solana, Optimism, and HyperEVM on Dec.
- 12 with $100 million in initial liquidity, positioning the token as a trading pair for Ripple's RLUSD stablecoin. This latest move to make XRP available across multiple ecosystems adds to Coinbase's cbXRP on Base and Axelar's eXRP on the XRPL EVM sidechain. Within months, XRP will exist in at least four distinct wrapped formats across a dozen networks, each with different custody arrangements and bridge infrastructure. Additionally, RLUSD has over $1 billion in circulation, mostly on Ethereum, and deep XRP/RLUSD pairs on chains where capital already sits, expanding XRP's addressable market beyond XRPL's native orderbooks. But the expansion trades one risk profile for another.
