Ripple’s RLUSD Takes Off on Euler Finance, Driving Institutional Interest in Stablecoins

Ripple has secured a significant boost for its stablecoin, RLUSD, by listing it on the DeFi platform Euler Finance. This move, coupled with growing institutional interest in Ripple’s offerings, marks a turning point in the decentralized finance (DeFi) space. With RLUSD surpassing $300 million in circulation, its integration offers new possibilities for borrowing, lending, and collateral utilization. This development aligns with Euler’s goal of expanding its crypto-asset lending and borrowing services, further attracting more users to participate in incentives and rewards.