Recently, Soil successfully launched an innovative yield protocol on the XRP Ledger platform, specifically designed to support Ripple's USD-pegged stablecoin RLUSD. This initiative not only marks a significant advancement in the XRP Ledger ecosystem but also demonstrates the market's strong demand for yield-generating products.
Key Highlights
- The first funding pool of the protocol, worth $1 million, was fully subscribed within just 72 hours.
- RLUSD received yield functionality for the first time, offering users a new way to grow their assets.
- According to data from RWA.xyz, the value of tokenized real-world assets on XRP Ledger has surpassed that of Solana.
This development indicates that XRP Ledger is gradually establishing its significance in the blockchain finance space. With Soil's innovative protocol, the use cases for RLUSD will expand further, providing users with a wider array of financial tools and services.