Ripple’s Dollar-Pegged Stablecoin Rlusd makes his urge to adoption with his latest integration in Aave.
According to April 22 official announcement On X, Aave (Aave) users can now deliver and borrow RLUSD, with the loan pool to $ 50 million and the loan pool for $ 5 million.
This integration marks an important milestone in the RLUSD adopti trip, since Aave is currently the largest decentralized credit protocol due to total value, according to the value, according to the value, according to the value Defillama. The platform works in 16 block chains, including Ethereum (ETH), Base (Base), Optimism (OP) and Arbitrum (ARB).
The Aave integration also follows closely on the heels of another important step for RLUSD: Ripple’s acquisition of non-bank Prime Broker Hidden Road. As part of the deal, Hidden Road RLUSD will use as collateral and use of the XRP whides for settlement after the trade-the use of the Stablecoin further on both defi and traditional financial markets.
Supported by legal approval of the New York State Department of Financial Services, RLUSD is designed as a stabilecoin of Enterprise-Grade that combines Fiat’s stability with the efficiency of blockchain technology. It makes use cases possible such as global payments, seamless crypto-to-disaster and access to the fast-growing market for Tokenized Real-World assets.
Since the launch in December last year, the Stablecoin has steadily expanded its footprint on Defi. It is now live at various large stock markets, including Uphold, Moonpay, Coinmena, Archaxex, Bitso and the most recently, cracking. Market capitalization is currently $ 294 million, making it 12th largest Stablecoin by MarketCap, surpassed EURC.