Ripple’s Stablecoin RLUSD Now Live on Aave V3

Highlights
- DeFi protocol Aave announces the listing of Ripple's RLUSD stablecoin.
- The launch comes amidst the increasing adoption of RLUSD.
- RLUSD surpassed a market capitalization of $293 million.
In the latest development within the Ripple ecosystem, the RLUSD stabecoin goes live on the Aave V3 Ethereum Core Market. Bolstering Ripple’s entry into the stablecoin market, RLUSD gained new utility, allowing users to supply or borrow the coin.
Notably, Aave’s listing of the token comes amidst growing adoption of the Ripple stablecoin. With increased momentum, the token has surpassed a market capitalization of $293 million since its December 2024 launch.
Ripple RLUSD Enters DeFi Space, Launches on Aave
In a recent X post, decentralized finance (DeFi) protocol Aave officially announced the launch of Ripple’s RLUSD stablecoin. While the listing marks Ripple’s entry into the DeFi space, it provides users with lending and borrowing services.
“Users can now supply and borrow RLUSD, Ripple’s enterprise-grade stablecoin, on the Aave V3 Ethereum Core market,” announced Aave on X. The initial launch of the stablecoin includes a supply cap of 50 million tokens and a borrowing cap of 5 million tokens.
RLUSD Market Activity Update
According to Aave’s dashboard, RLUSD markets are still ramping up, with a reserve size and available liquidity of $124.98 and a utilization rate of 0%. The price remains stable at $1.00, aligned with its USD peg. With no borrowings recorded, the current APY stands at 0%, reflecting low activity and a lack of lending promotions.
Growing Exchange Listings Fuel Ripple’s Growth
Interestingly, Ripple’s RLUSD stablecoin is expanding globally. The stable token has initiated integrations with major platforms like Kraken, LMAX Digital, Bitstamp, Bullish, and Zero Hash. This paves the way for increased institutional and retail adoption of RLUSD.
Now, Ripple has plans to further boost adoption by engaging with institutions, integrating the stable token into more decentralized and centralized apps. The platform intends to explore new use cases in lending, trading, and DeFi. This positions RLUSD for growth in the competitive stablecoin market.
Recently, Ripple announced RLUSD’s major role in the Hidden Road broker deal. Reportedly, the stablecoin will be used as collateral.
- Rising Demand for Verifiable Crypto Ownership Drives Launch of Trezor Safe 7
- Robinhood Lists Binance Coin as BNB Outperforms BTC, ETH, SOL YTD By Over 30%
- Bitget Partners With Google Developer Group On Hackathon To Support AI Innovation
- Can Cardano Save Kadena? Hoskinson Reaches Out After KDA Token Plunges 60% Amid Shutdown
- Analyst Turn Bullish with $400 SOL Target as Hong Kong Approves First-Ever Solana ETF in Asia
- XRP Price Classical Pattern Points to a Rebound as XRPR ETF Hits $100M Milestone
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
- Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes
- Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card
- XRP Price Prediction Amid Evernorth’s $1B XRP Treasury Plan – Can XRP Hit $5?
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing