Ripple Labs’ RLUSD Stablecoin Go Live on Aave

Ripple Labs made a big step by adding a new use for its stablecoin. Its digital dollar, RLUSD, is now officially available on Aave’s V3 Ethereum Core Market. This move allows users to supply or borrow the stablecoin on the Aave platform. This gives RLUSD a stronger role in decentralized finance (DeFi) and shows Ripple’s growing plans for the stablecoin. RLUSD Is Now Available on Aave Aave, one of the most popular DeFi platforms, shared the news in a recent X post . The platform revealed the launch includes a supply cap of 50 million RLUSD and a borrowing cap of 5 million. According to Aave’s dashboard, the available liquidity is just $124.98, and there is no borrowing yet. The interest rate (APY) is currently 0% because lending activity has not started. Notably, the market price of RLUSD remains steady at $1.00, keeping its value equal to the U.S. dollar. RLUSD Adoption Is Growing Ripple Labs rolled out the RLUSD stablecoin in December 2024, and it has grown quickly since then. In January, RLUSD saw a 2000% growth in trading volume , becoming the fourth most traded stablecoin. According to CoinMarketCap data, the dollar-pegged token has also reached a market cap of over $293 million, which shows growing interest from users and platforms. Remarkably, Ripple’s stablecoin is now supported by major exchanges like Margex , Kraken, LMAX Digital, Bitstamp, Bullish, and Zero Hash. These listings are helping more retail and institutional users gain access to the stablecoin. By joining Aave, Ripple is now active in the DeFi space. This gives RLUSD more use cases and makes it easier for people to use the stablecoin differently. Ripple’s Plans for RLUSD Ripple wants RLUSD to be used in many ways, not just for trading. The goal is to make the stablecoin useful in areas like lending, borrowing, payments, and other DeFi services. The company is also examining how RLUSD can work with both centralized and decentralized platforms. Meanwhile, RLUSD is already being used as collateral in Ripple’s latest acquisition deal . The technology firm recently made the biggest crypto acquisition deal by buying Hidden Road, a global broker, for a whopping $1.25 billion. RLUSD’s role in this acquisition shows its growing role in big financial transactions. Ripple’s launch of RLUSD on the Aave platform could start a bigger plan to grow in the DeFi space. With more backing from platforms and institutional players, RLUSD could become widely used and mainstream in the financial world. The post Ripple Labs’ RLUSD Stablecoin Go Live on Aave appeared first on TheCoinrise.com .

Source: The Coin Rise