As the cryptocurrency market experiences heightened volatility, Ripple’s USD-pegged stablecoin, RLUSD, is experiencing a surge in trading activity. This follows Bitcoin’s climb above $89,000 as investors seek safer haven assets amidst global economic uncertainty. Bitcoin has gained more than 3%, continuing its upward trend since Sunday. Ethereum (ETH), Cardano’s ADA, XRP, and Solana’s SOL have all seen positive movements after initial profit-taking in the Asian trading session on Tuesday. 291 million dollars worth of crypto derivative contracts were liquidated during the last 24 hours due to these market swings. RLUSD’s trading volume has jumped by 110% in this time frame, reaching $37.71 million according to CoinMarketCap data. This significant increase in trading suggests a growing level of interest from traders. Notably, RLUSD is a relatively new stablecoin entering the market. Its surge aligns with the recent increase in volatility in the crypto market. The launch of Ripple’s RLUSD on Aave V3 Ethereum Market has contributed to its increased activity. This allows users to both supply and borrow the stablecoin on the lending platform’s V3 Ethereum Core market. 50 million RLUSD can be supplied, and a maximum of 5 million RLUSD can be borrowed. RLUSD is linked to the US dollar on both the XRP Ledger and Ethereum blockchains, with each token representing an equivalent fiat value.