Ripple's U.S. dollar-pegged stablecoin, RLUSD, has officially launched

Ripple’s U.S. dollar-pegged stablecoin, RLUSD, has officially launched on the Aave V3 Ethereum Core Market. It allows users to supply and borrow RLUSD directly

Ripple’s U.S. dollar-pegged stablecoin, RLUSD, has officially launched on the Aave V3 Ethereum Core Market, allowing users to directly engage in lending and borrowing activity.

This integration, which was announced earlier in August, marks a significant step in driving broader adoption of RLUSD across the crypto ecosystem.

The launch comes with a supply cap of $50 million and a borrowing cap of $5 million, reflecting a cautious but optimistic approach to initial liquidity and risk management.

Both institutional and retail users can now supply RLUSD to earn interest or borrow the stablecoin against collateral, leveraging Aave’s decentralized, non-custodial infrastructure.

สามารถฝากและกู้ยืมได้โดยตรง บนแพลตฟอร์ม Aave V3 Ethereum Core Market

Those following the launch closely might be surprised by the lackluster response thus far. On-chain data from Aave’s dashboard at press time shows only 125 RLUSD supplied—well below the cap—and no borrowing activity has yet occurred, resulting in a current APY of 0% and a utilization rate of zero.

Despite these results, RLUSD’s price remains firmly pegged at $1.00, highlighting its stability and reliability as a dollar-backed asset.

The integration comes at a time when there is growing interest in stablecoins. According to recent reports, the global stablecoin market cap has reached new highs, driven by the rapid adoption of these digital assets.

Earlier this week, crypto exchange Bittrex announced the listing of RLUSD on its platform, further expanding the availability of Ripple’s stablecoin to a broader audience.

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