Ripple’s RLUSD stablecoin expands DeFi footprint with Aave integration

The Stablecoin Rlusd of Ripple made it possible to continue his effort with his latest integration into Aave.

According to April 22 official announcement On X, Aave (GHOST) Users can now provide and borrow the RUSD, the loan pool capped at $ 50 million and the borrowing pool at $ 5 million.

This integration marks an important step in the adoption course of Rlusd, because Aave is currently the largest decentralized loan protocol by total locked value, according to Parade. The platform operates on 16 blockchains, notably Ethereum (Ethn), Base (BASE), Optimism (Boost) and the referee (ARB).

Aave integration also follows closely on the heels of another major decision for Rlusd: Ripple acquisition Non -banking broker Hidden Road. As part of the agreement, Hidden Road will use Rlusd as a guarantee and will take advantage of the Grand Book XRP for the Post -Commerce Regulations – further expanding the usefulness of stablecoin on the DEFI and traditional financial markets.

Supported by the regulatory approval of the New York State Financial Services Department, Rlusd is designed as a business quality stable that combines Fiat stability with the efficiency of blockchain technology. It allows use cases such as global payments, transparent cryptography on / out of the ramp and access to the rapid expansion market of the active world tokenized.

Since his launch In December of last year, Stablecoin gradually widened its imprint through Defi. It is now live on several major exchanges, notably Holding, Moonpay, Coinmena, Archaxex, Bitso and, more recently, Kraken. Its market capitalization currently represents $ 294 million, which 12th larger Screws by market, exceeding the EURC.