Ripple’s RLUSD Becomes Key Collateral in Aave’s New RWA Market, Powered by Chainlink
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- Aave has launched “Horizon,” a new institutional platform for borrowing against tokenized real-world assets.
- Ripple’s RLUSD stablecoin is a core component, used for lending and borrowing against the tokenized RWAs.
- Chainlink’s oracles provide the real-time, on-chain Net Asset Value (NAV) data to secure the loans.
Ripple has expanded its decentralized finance (DeFi) footprint with the integration of its RLUSD stablecoin into Aave Labs’ new Horizon market for real-world assets (RWAs).
The move is part of a broader industry push to bring tokenized real-world assets on-chain finance and a win for the XRP ecosystem, when Ripple’s Brad Garlinghouse touted wins like the Gemini card.
How Borrowing Works on Aave’s “Horizon” RWA Market?
Aave Labs announced the launch of Horizon this week, describing it as an institutional-grade platform designed to allow tokenized real-world assets, such as US Tre…
The post Ripple’s RLUSD Becomes Key Collateral in Aave’s New RWA Market, Powered by Chainlink appeared first on Coin Edition.
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$ 0.0656
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-2.82%Predictions Markets
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