The blockchain’s core development team RippleX announced the XRP Ledger is testing its Ethereum Virtual Machine (EVM) sidechain that aims to bring Ethereum smart contracts to the XRP Ledger.
The sidechain has been developed by a firm called Peersyst and is still in this first phase of development and unavailable for public testing. The second phase will begin in early 2023, and will feature a permissionless EVM sidechain that's open to the public.
Once it’s deployed on mainnet in the second quarter of 2023, the sidechain will allow developers to write apps in Solidity, and make it interoperable with the XRP Ledger via a bridge. It will also let developers use the XRP Ledger's native asset called XRP within the sidechain environment.