Ripple’s RLUSD Stablecoin Launches on Aave DeFi Platform

Ripple Labs has expanded the reach of its digital dollar, RLUSD, by enabling users to borrow and supply it through Aave’s V3 Ethereum Core Market. This move marks a significant step for both Ripple and decentralized finance (DeFi) applications. With a limited supply cap of 50 million RLUSD and a borrowing cap of 5 million, Aave will allow users to actively engage with this stablecoin on its platform.