R2's RWA stablecoin protocol has successfully concluded its first testnet round, Season #0, on June 15, engaging over 290,000 users and facilitating more than 13 million on-chain interactions. The most active participants hailed from Vietnam, the United States, and Indonesia. The final testnet is slated for launch on June 23, featuring key functionalities such as a cross-chain bridge via Wormhole, sR2USD automatic compound interest staking, R2 Token application simulation, and a full-chain exit mechanism. These features aim to validate the protocol's integrity and composability. R2 is developing a global stablecoin infrastructure backed by real-world assets from licensed entities like Superstate, Ondo, and DigiFT, with a mainnet launch planned for Q3 2025.
R2 Testnet Completes First Round with 290,000 Users, Final Testnet Set for June 23
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