Ripple’s RLUSD Stablecoin Goes Live for Lending, Borrowing on Aave V3
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- RLUSD debuts on Aave V3 with a $50M supply cap, but lending activity remains inactive.
- Ripple’s stablecoin adoption climbs, hitting $293M market cap and $36M daily volume.
- RLUSD now used in Ripple Payments, with U.S. lawmakers eyeing new stablecoin regulations.
Ripple’s US dollar-pegged stablecoin, RLUSD, gained new utility with support on the Aave V3 Ethereum Core Market. This allows institutional/DeFi users to supply/borrow RLUSD, although pool activity was minimal right after listing. The listing comes amid broader adoption of RLUSD, which has now surpassed a market capitalization of $293 million since its December 2024 launch.
Aave Integration Details and Early Activity
On Aave V3 (Ethereum), RLUSD has specific parameters: a 50M supply cap and 5M borrow cap. Initial on-chain data showed only 125 RLUSD supplied (<0.01% utilized), with reserve/liquidity at ~$125 and its oracle price stable at $1.00. Low utilization means the deposit APY is currently 0%.
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The post Ripple’s RLUSD Stablecoin Goes Live for Lending, Borrowing on Aave V3 appeared first on Coin Edition.
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Ripple’s RLUSD Stablecoin Goes Live for Lending, Borrowing on Aave V3
Share:
- RLUSD debuts on Aave V3 with a $50M supply cap, but lending activity remains inactive.
- Ripple’s stablecoin adoption climbs, hitting $293M market cap and $36M daily volume.
- RLUSD now used in Ripple Payments, with U.S. lawmakers eyeing new stablecoin regulations.
Ripple’s US dollar-pegged stablecoin, RLUSD, gained new utility with support on the Aave V3 Ethereum Core Market. This allows institutional/DeFi users to supply/borrow RLUSD, although pool activity was minimal right after listing. The listing comes amid broader adoption of RLUSD, which has now surpassed a market capitalization of $293 million since its December 2024 launch.
Aave Integration Details and Early Activity
On Aave V3 (Ethereum), RLUSD has specific parameters: a 50M supply cap and 5M borrow cap. Initial on-chain data showed only 125 RLUSD supplied (<0.01% utilized), with reserve/liquidity at ~$125 and its oracle price stable at $1.00. Low utilization means the deposit APY is currently 0%.
Related: Ripple�…
The post Ripple’s RLUSD Stablecoin Goes Live for Lending, Borrowing on Aave V3 appeared first on Coin Edition.
In This News
Coins
Share:
In This News
Coins
Share:
Read More
XRP Price Standoff: Shake-Up Incoming, or Does the Sideways Struggle Continue?