Soil launches RLUSD yield protocol on XRPL

Blockchain project Soil has launched a real-world asset (RWA)-based yield protocol on the XRPL that utilizes Ripple's stablecoin, RLUSD, The Block reported. The protocol is designed to allow RLUSD holders to earn a fixed income by depositing their crypto into on-chain vaults. An initial $1 million pool was filled within 72 hours of its launch. The developer, ORQO, holds regulatory licenses in Poland and Malta.