Aave V3 Launches RLUSD Lending & Borrowing Services, Fueling Institutional Growth

Ripple’s US dollar-pegged stablecoin, RLUSD, has joined Aave V3 on Ethereum Core, offering lending and borrowing services for institutional and DeFi users. With a limited supply cap of 50 million and a borrowing cap of 5 million, the integration marks a significant milestone in RLUSD’s journey after its initial market launch in December. While the markets are currently showing low activity as reflected by a modest reserve size of $124.98, and no borrowings uphold at present; this signifies an early stage for the pool, offering potential for new DeFi applications to flourish as activity increases.