R2 Testnet Hits 10M Transactions With 200K+ Users in Weeks

• The R2 testnet drew over 200,000 customers and hit 10 million transactions in below 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 challenge has already attracted over 200,000 members and recorded over 10 million transactions.

Actually, in its early days, over 60,000 distinctive addresses have participated and managed to regulate over 50% of the transaction quantity on the Ethereum Sepolia community. Think about, a brand new challenge 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 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 reminiscent of US authorities bonds, cash market funds, and property rental revenue. This isn’t a baseless DeFi dream like some initiatives 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 challenge that’s good at advertising and marketing. On April 16, 2025, simply at some point earlier than the testnet launch, they formally turned a liquidity supplier for Ondo Finance.

After passing KYB verification and asset checks, the R2USD stablecoin might be backed by OUSG—Ondo’s US authorities bond token. That is arguably probably the most concrete “real-world asset” collaterals at the moment within the stablecoin area.

Apparently, R2 additionally introduces a reasonably distinctive incentive system. There are two forms of factors: Indicators for on-chain exercise and product utilization, and Pulses that are given for social contributions reminiscent of posts or group missions. Later, all of those factors might be transformed into R2 tokens when the mainnet launches.

For many who have typically minted R2USD testnet and are lively locally, this could possibly be a fairly promising begin. Simply think about in the event you had joined from the start, had been a bit of lively, then received tokens when it was launched—it might have been step one to rising your crypto portfolio.

However, R2 additionally doesn’t need to play on only one community. They’ve introduced plans to develop their testnet to a number of further networks within the subsequent two weeks. The aim is obvious: to develop entry, appeal to extra participation, and construct a very multi-chain protocol basis. As a result of in the event you solely play in a single ecosystem, particularly in in the present day’s world the place every little thing is cross-network, it’s going to finally stagnate.

In the meantime, CNF beforehand highlighted Meta Platforms, which can be beginning to take a look at stablecoins once more. They’re reportedly exploring a cross-border fee scheme for digital creators by way of 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. In contrast to R2, which appears to have a extra down-to-earth method—primarily based on actual belongings, clear stream, and its group has begun to type from the underside, not from the top workplace of a expertise big.