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RWA stablecoin yield protocol R2 completes Arbitrum testnet deployment and continues to advance multi-chain strategy According to the RWA stablecoin yield agreement R2, it has reached a cooperation with Arbitrum and completed the deployment on the Ethereum Layer2 network Arbitrum test network, marking a key step in its multi-chain ecological strategy. With the help of Arbitrum's mature DeFi infrastructure and efficient interactive experience, R2 will further expand the application scenarios of stablecoin products in the multi-chain ecology. Currently, users can receive test tokens through the official Discord, experience the minting, staking, and liquidity operations of R2USD on the Arbitrum Sepolia test network, and get points rewards by participating in task activities. R2 is committed to creating a next-generation stablecoin protocol with real returns, redeemability and high transparency. The underlying assets cover diversified sources of income such as on-chain US bonds and compliant MMF strategies. Since the launch of the test network, R2 has completed the deployment on multiple test networks such as Plume, ETH Sepolia, and Arbitrum Sepolia, attracting more than 90,000 users in just one week. In the future, R2 will continue to expand multi-chain ecological access and further enrich product scenarios.

Plume appoints former U.S. SEC adviser Salman Banaei as general counsel @plumenetwork (PLUME), a blockchain focused on real-world assets (RWAs), has appointed former U.S. SEC official @banamlas as general counsel, according to Odaily. Banaei will lead legal, policy and

Salman Banaei, former senior special counsel at the U.S. SEC, serves as general counsel for Plume Network Plume Network, a full-stack RWAfi chain building team, announced the appointment of B. Salman Banaei as its new general counsel, who will lead the development of legal, policy and compliance strategies to support Plume's collaboration with more than 180 institutions to expand its real-world asset (RWAs) service network on open blockchain infrastructure. Salman Banaei previously served as a senior special counsel at the U.S. Securities and Exchange Commission (SEC), and also served as assistant general counsel and policy director of Uniswap Labs, and held similar positions at Chainalysis and IHS Markit (now S&P Global).

Plume Network may strengthen legal leadership with the latest appointment of Salman Banaei Industry veteran Salman Banaei, with experience in both the public and private sectors, leads the legal, policy and compliance strategy for the industry’s RWAfi chain and RWA ecosystem.

R2, the RWA stablecoin yield protocol, has reached a cooperation with Plume and officially launched the Plume test network R2, the RWA stablecoin yield protocol, announced that it has completed its deployment on the Plume testnet, marking a key step in its multi-chain strategy. Plume is a high-performance Layer 1 public chain focusing on the RWA track (RWAFi), dedicated to providing infrastructure support for real assets on the chain. Since the testnet was launched 5 days ago, the R2 protocol has attracted more than 55,000 users worldwide to participate in the interaction. Users can receive test tokens through Discord, experience functions such as minting R2USD, staking R2USD, BTC, ETH, and receive points rewards. Officials said that R2 will access more test networks in the near future, continue to expand the multi-chain ecosystem, and enrich the access path of underlying assets. R2 aims to create the next generation of stablecoin protocols with real returns, redeemability and transparency. The underlying assets cover diversified sources of income such as on-chain US bonds and compliant MMF strategies. The mainnet is expected to be officially launched in the second quarter of 2025.