Ripple to use Axelar as bridge protocol for EVM sidechain

XRP Ledger, backed by Ripple, announced its upcoming sidechain named “XRPL EVM sidechain,” with Axelar as the exclusive bridge protocol.

The interoperability platform Axelar will allow users to swap their XRP into wrapped XRP (eXRP), which will also be used as the native token for gas fees on the sidechain.