Ripple’s RLUSD Stablecoin Gains Traction on Euler Finance

Ripple’s US dollar-pegged stablecoin, RLUSD, has expanded its reach on the decentralized finance platform Euler Finance. This move comes as institutional interest in the Ripple ecosystem surges and RLUSD has recently surpassed $300 million in market value. Integration of RLUSD onto Euler Finance allows users to leverage it for borrowing, lending, and collateral opportunities. The platform has also introduced new incentive programs for lenders holding RLUSD, aiming to encourage wider adoption. This integration is expected to further amplify institutional interest in the Ripple ecosystem, driving growth within the DeFi space.