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XRP is flooding Ethereum and Solana, but this invisible layer puts your wallet at $1.5 billion risk On December 12.
Hex Trust launched wrapped XRP on Ethereum, Solana, Optimism and HyperEVM 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 in more ecosystems complements Coinbase's cbXRP on Base and Axela's eXRP on the XRPL EVM sidechain. Within months, XRP will exist in at least four different formats on twelve networks, each with different custodial arrangements and bridge infrastructure. In addition, RLUSD has over $1 billion in circulation, mostly on Ethereum, and deep XRP/RLUSD pairs on chains where capital is already located, expanding XRP's addressable market beyond XRPL's native order books. RLUSD reached $1 billion in circulation within a year of launch, most of which was issued on Ethereum, not XRPL.