- The R2 Testnet attracted more than 200,000 users and hit 10 million transactions in less than three weeks.
- R2USD is supported by Real-World assets such as government bonds and rental income, which adds credibility to its Stablecoin model.
Less than three weeks after the official test network, the R2 Stablecoin protocol has already attracted the attention of many. The project was launched on April 17, 2025 and has already attracted more than 200,000 participants and registered more than 10 million transactions.
In fact, in the beginning more than 60,000 unique addresses participated and they managed to control more than 50% of the transaction volume on the Ethereum Sepolia network. Imagine a new project, but immediately dominates such a busy test network – that is not small.
The RWA-driven return-bearing Stablecoin protocol R2 announced that his test network attracted more than 200,000 participants and processed more than 10 million transactions in less than three weeks. The underlying assets of R2 include American Treasury tokens, conforming money market fund …
– Wu Blockchain (@wublockchain) 10 May 2025
Where Hype meets Real-World Backing
It is not just the figures that prove it. The community is also growing rapidly. The R2 Discord channel is already filled with more than 58,000 members who actively chat, ask questions and discuss strategies.
Behind the hype is the promise of real returns of Real-World assets such as US government bonds, money market funds and rental income of real estate. This is not an unfounded Defi -Dream like some projects in the past – there is a clear and traceable basis.
R2 doubles with real usefulness and reach
Moreover, R2 shows that they are not just a project that is good at marketing. On April 16, 2025, only one day before the test network, they officially became a liquidity provider for ONDO Finance.
After passing on KYB verification and activation troles, the R2USD Stablecoin is supported by OUSG -Gondo’s American government bond. This is perhaps one of the most concrete ‘real-world assets’ computer that are currently in the Stablecoin space.
Interestingly, R2 also introduces a fairly unique stimulation system. There are two types of points: signals for activities on chains and product use, and pulses that are given for social contributions such as messages or community missions. Later, all these points can be converted into R2 tokens when the mainnet is launched.
For those who have often beaten R2USDTNet and are active in the community, this can be a pretty promising start. Imagine that you had joined from the start, was a bit active and then got tokens when it was released – it could have been the first step to grow your crypto portfolio.
On the other hand, R2 does not want to play just one network. They have announced plans to extend their test network in the next two weeks to various extra networks. The goal is clear: to expand access, to attract more participation and to build a real multi-chain protocol Foundation. Because if you only play in one ecosystem, especially in the world of today where everything is a cross-network, it will ultimately stagnate.
In the meantime, CNF previously emphasized Meta platforms, who also start looking at Stablecoins again. They are reportedly investigating a cross -border payment schedule for digital makers via Stablecoins and talk to various digital activa companies.
But of course there is still the shadow of regulatory uncertainty that chases this ambitious plan. In contrast to R2, which seems to have a more sober approach based on real assets, clear current, and his community has begun to form from the bottom, not from the headquarters of a technology giant.