- The R2 testnet drew over 200,000 customers and hit 10 million transactions in underneath three weeks.
- R2USD is backed by real-world belongings like authorities bonds and rental revenue, including credibility to its stablecoin mannequin.
Lower than three weeks after its official testnet launch, the R2 stablecoin protocol has already caught the eye of many. Launched on April 17, 2025, the venture has already attracted over 200,000 members and recorded over 10 million transactions.
In reality, in its early days, over 60,000 distinctive addresses have participated and managed to manage over 50% of the transaction quantity on the Ethereum Sepolia community. Think about, a brand new venture however instantly dominating a crowded take a look at community like that—that’s no small matter.
The RWA-driven yield-bearing stablecoin protocol R2 introduced that its testnet attracted over 200,000 members and processed greater than 10 million transactions in lower than three weeks. R2’s underlying belongings embody on-chain U.S. Treasury tokens, compliant money-market fund…
— Wu Blockchain (@WuBlockchain) Could 10, 2025
The place Hype Meets Actual-World Backing
It’s not simply the numbers that show it. The group can also be rising quickly. The R2 Discord channel is already full of over 58,000 members who’re actively chatting, asking questions, and discussing methods.
Behind the hype is the promise of actual returns from real-world belongings equivalent to US authorities bonds, cash market funds, and property rental revenue. This isn’t a baseless DeFi dream like some tasks prior to now—there’s a clear and traceable foundation.
R2 Doubles Down With Actual Utility and Attain
Moreover, R2 exhibits that they aren’t only a venture that’s good at advertising. On April 16, 2025, simply in the future earlier than the testnet launch, they formally turned a liquidity supplier for Ondo Finance.
After passing KYB verification and asset checks, the R2USD stablecoin will probably be backed by OUSG—Ondo’s US authorities bond token. That is arguably some of the concrete “real-world asset” collaterals presently within the stablecoin house.
Curiously, R2 additionally introduces a reasonably distinctive incentive system. There are two varieties of factors: Indicators for on-chain exercise and product utilization, and Pulses that are given for social contributions equivalent to posts or group missions. Later, all of those factors will be transformed into R2 tokens when the mainnet launches.
For many who have usually minted R2USD testnet and are lively in the neighborhood, this may very well be a fairly promising begin. Simply think about in case you had joined from the start, had been a bit lively, then received tokens when it was launched—it may have been step one to rising your crypto portfolio.
Alternatively, R2 additionally doesn’t need to play on only one community. They’ve introduced plans to broaden their testnet to a number of extra networks within the subsequent two weeks. The aim is evident: to broaden entry, appeal to extra participation, and construct a really multi-chain protocol basis. As a result of in case you solely play in a single ecosystem, particularly in at this time’s world the place every little thing is cross-network, it’ll ultimately stagnate.
In the meantime, CNF beforehand highlighted Meta Platforms, which can also be beginning to have a look at stablecoins once more. They’re reportedly exploring a cross-border cost scheme for digital creators through stablecoins, and are speaking to a number of digital asset corporations.
However in fact, there’s nonetheless the shadow of regulatory uncertainty that haunts this formidable plan. Not like R2, which appears to have a extra down-to-earth method—based mostly on actual belongings, clear stream, and its group has begun to kind from the underside, not from the top workplace of a know-how big.
