Ripple’s RLUSD Stablecoin Is Everywhere Now, And Aave’s Latest Victim!
Ah, Ripple. The company that never sleeps. Its dollar-pegged stablecoin RLUSD continues its relentless march toward global domination, and this time, it’s partnered with Aave. Yes, Aave – the one that’s now hosting RLUSD on its platform like it’s some kind of special guest at a high-class soirée. Welcome to the future, folks! 😎
In a charmingly predictable turn of events, April 22 saw an official announcement on X, where Ripple proudly declared that Aave (AAVE) users can now supply and borrow RLUSD. But here’s the fun part: Aave’s lending pool is capped at a mere $50 million, while the borrowing pool stands at a “generous” $5 million. Nothing says “we’re taking this seriously” like a solid cap. 🎩
This isn’t just any partnership, though. Oh no. This is a *major* milestone for RLUSD, a real showstopper. Why? Because Aave happens to be the biggest decentralized lending protocol by total value locked. According to DeFiLlama (a name that’s almost as mysterious as Aave itself), Aave operates across 16 blockchains, including Ethereum (ETH), Base (BASE), Optimism (OP), and Arbitrum (ARB). So yeah, RLUSD is basically everywhere now. 🌍
And, just when you thought Ripple might rest on its laurels, they’ve gone and acquired Hidden Road – a non-bank prime broker that will now use RLUSD as collateral. No big deal. The XRP Ledger will be involved for post-trade settlement, because why not mix traditional finance with blockchain? The future is officially now. 📈
Now, let’s talk about the elephant in the room: RLUSD has been blessed with regulatory approval from the New York State Department of Financial Services. That’s right, this enterprise-grade stablecoin isn’t just some random crypto token. It’s designed for global payments, crypto on/off-ramping, and tokenized real-world assets. So, basically, it’s here to do everything but your laundry. 🧺
Since its charming debut last December, RLUSD has been slowly but surely infiltrating the DeFi space. It’s now live on major exchanges like Uphold, MoonPay, CoinMENA, ArchaxEx, Bitso, and the ever-so-predictable Kraken. With a market cap of $294 million, it’s comfortably sitting as the 12th biggest stablecoin. It’s already passed up EURC, because, well, why not? 🎯
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2025-04-22 16:27