The utility of RLUSD, the U.S. dollar-pegged stablecoin issued by Ripple (XRP), is expanding further.

Squid, a cross-chain infrastructure platform, recently announced that it supports swap services between RLUSD and various cryptocurrencies. As a result, users can now exchange RLUSD for approximately 20,000 tokens operating across more than 100 blockchain networks in a single transaction.

The market views this expanded support as a positive development for enhancing RLUSD liquidity and expanding the XRP ecosystem. In particular, as stablecoins have established themselves as core infrastructure in the global payment and remittance markets, the expansion of RLUSD's utility is being evaluated as a key variable for the growth of the XRP network.

On the macroeconomic front, the U.S. Federal Reserve's decision to hold its benchmark interest rate steady has drawn increasing attention to the market liquidity environment. Investors are closely monitoring both changes in interest rate policy and the pace of growth in the stablecoin market.

The industry projects that if RLUSD becomes integrated with institutional investors and global payment services in the future, there is potential for further expansion of its use cases.

[This article was written with the assistance of AI. Virtual asset and stablecoin-related businesses may be subject to change depending on regulations and market conditions in each country.]