Ripple’s RLUSD Makes DeFi Leap with Aave Integration

As a regulatory-approved enterprise-grade stablecoin backed by the New York State Department of Financial Services, RLUSD offers solutions for global payments, seamless cryptocurrency on/off ramps, and access to the expanding market for tokenized real-world assets. The stablecoin has steadily grown its presence in DeFi since launch last December, now available on various major exchanges like Uphold, MoonPay, CoinMENA, ArchaxEx, Bitso, and most recently Kraken. Its current market capitalization of $294 million places it as the 12th largest stablecoin globally, surpassing EURC.