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Ripple’s RLUSD Stablecoin Goes Live on Aave V3 Ethereum Market
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By Shaurya Malwa|Edited by Sheldon Reback
Apr 22, 2025, 11:53 a.m.
- Aave users can now supply and borrow Ripple’s RLUSD stablecoin on the lending platform’s V3 Ethereum Core market.
- The peer-to-peer loans market has a supply cap of 50 million RLUSD and a borrow cap of 5 million RLUSD.
- RLUSD is a stablecoin pegged 1:1 to the U.S. dollar, fully backed by dollar deposits and short-term U.S. Treasuries.
Aave users can start supplying and borrowing Ripple’s RLUSD stablecoin on the decentralized lending platform’s V3 Ethereum Core market, Aave said in a Monday post on X.
The peer-to-peer loans market has a supply cap of 50 million RLUSD and a borrow cap of 5 million RLUSD.
STORY CONTINUES BELOW
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RLUSD is a stablecoin pegged 1:1 to the U.S. dollar offered on the XRP Ledger and Ethereum blockchain. It is fully backed by U.S. dollar deposits, short-term U.S. Treasuries, and cash equivalents with each token matched by equivalent fiat value.
Security features make RLUSD appealing to institutional users. An XRP Ledger amendment in January saw a “clawback” feature go live on the network, allowing the issuer to reclaim certain tokens, such as RLUSD, from users’ wallets under specific conditions.
Industry leaders say RLUSD may shift crypto market dynamics, with incumbents such as Tether’s USDT, the largest stablecoin, and Circle’s USDC, the No. 2, seeing competition from Ripple’s product. It is also seen boosting closely related XRP’s appeal among investors.
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
