Ripple’s RLUSD Stablecoin Integrated into Aave, Boosting Adoption
Ripple’s dollar-pegged stablecoin RLUSD continues to make strides towards wider adoption with its latest integration into the Aave platform. The official announcement on X revealed that Aave users can now supply and borrow RLUSD, with the lending pool capped at $50 million and the borrowing pool at $5 million.
This integration with Aave, the largest decentralized lending protocol by total value locked according to DeFiLlama, is a significant milestone for RLUSD. Aave operates across 16 blockchains, including Ethereum, Base, Optimism, and Arbitrum, providing users with a wide range of options for interacting with RLUSD.
Following closely on the heels of this integration is Ripple’s acquisition of non-bank prime broker Hidden Road, which will use RLUSD as collateral and leverage the XRP Ledger for post-trade settlement. This move further expands the stablecoin’s utility, bridging the gap between DeFi and traditional financial markets.
Regulated by the New York State Department of Financial Services, RLUSD offers stability and efficiency by combining fiat currency with blockchain technology. Its use cases include global payments, seamless crypto on/off ramping, and access to tokenized real-world assets.
Since its launch in December, RLUSD has been gaining traction in the DeFi space. It is now available on major exchanges such as Uphold, MoonPay, CoinMENA, ArchaxEx, Bitso, and recently, Kraken. With a market cap of $294 million, RLUSD ranks as the 12th largest stablecoin by market cap, surpassing EURC.