Hex Trust issues wXRP: XRP is teaming up with RLUSD to conquer multi-chain DeFi

2025-12-12 01:22:27

【CoinPush】Another wrapped token is coming—Hex Trust is preparing to launch wXRP, locked 1:1 with XRP. The main goal is to enable XRP to break out of its own XRP Ledger ecosystem and team up with Ripple’s stablecoin RLUSD on mainstream chains like Ethereum and Solana as trading pairs.

In simple terms, it’s creating a multi-chain passport for XRP. Initially, it will be available on Solana, Optimism, Ethereum, and HyperEVM, with plans to add more networks later. The initial locked-up amount is directly targeting $100 million, indicating thorough preparation.

In terms of custody, Hex Trust emphasizes it quite thoroughly—each wXRP is backed by actual XRP stored in an independent account, and tokens are only minted or burned during deposit or withdrawal. They also specifically mention implementing KYC/AML compliance processes, having insurance, and enabling audits at any time. This institutional-grade custody solution provides some reassurance for players interested in entering but concerned about security.

XRP-2.02%

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APY_Chaser

· 12-13 21:47

wXRP is here, XRP is finally about to break out. Can this wave succeed? It should have been played like this a long time ago, otherwise what's the point of just staying on your own chain? Starting with $100 million, Hex Trust really dares to spend money. RLUSD paired with XRP? It feels a bit subtle, do stablecoins have such a large demand for trading pairs? Multi-chain deployment sounds great, but it feels like another wrapped coin story.

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OPsychology

· 12-12 01:52

wXRP is here, is XRP finally going to break into the mainstream? By the way, Hex Trust is serious about this $100 million launch scale.

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DuskSurfer

· 12-12 01:51

1. $100 million lock-up scale, Hex Trust is serious this time, XRP is finally breaking out of the circle 2. The combo of wXRP+RLUSD feels like it's boosting XRP's popularity 3. Multi-chain pass sounds good, but how far this wrapped token can go still depends on whether users buy into it 4. Why do I always feel this routine is a bit familiar... it's about lock-ups and cross-chain too 5. Directly pouring in $100 million, Ripple is really confident about this matter 6. Feels like XRP can create new tricks on Solana and Ethereum, finally no longer confined to its own chain 7. RLUSD team-up and such sound like building an ecological closed loop 8. The question is whether trading liquidity can pick up; $100 million lock-up sounds big, but how much is practically usable 9. Hex Trust's move this time—is it trying to carve out a share in the stablecoin race? 10. The plan looks solid, but I worry about the sustainability afterward

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SchrodingerProfit

· 12-12 01:51

wXRP is here, XRP is finally breaking out, it should have been like this a long time ago

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HackerWhoCares