Background: Ripple's stablecoin RLUSD was launched in December 2024 and is now available on Aave V3 Ethereum mainnet market, marking Ripple's entry into the DeFi sector.

Key Events: Aave announced support for RLUSD, allowing users to lend and borrow RLUSD on the platform. RLUSD's market capitalization has exceeded 293 million USD, with an initial supply cap of 50 million tokens and a borrowing cap of 5 million tokens. Current market liquidity is limited, lending and borrowing activities are not yet active, and the annual yield rate is 0%.

Expansion and Impact: RLUSD has been listed on major trading platforms including Kraken, LMAX Digital, Bitstamp, Bullish, and Zero Hash, driving adoption among institutional and retail users. Ripple plans to expand RLUSD's use cases in lending, trading, and DeFi through integrations with more decentralized and centralized applications. Additionally, RLUSD will be used as collateral in Hidden Road brokerage trading, further enhancing its market position.

AAVE

RLUSD

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.

Ripple's stablecoin RLUSD officially launched on Aave V3, driving the development of the DeFi ecosystem.