Ripple Integrates RLUSD Stablecoin into Aave Horizon RWA Platform
Ripple’s USD-pegged stablecoin RLUSD has been integrated into Aave's new Horizon Real World Asset (RWA) platform, aimed at enhancing on-chain finance efficiency. This platform allows tokenized products to be used as collateral, bridging traditional and decentralized finance.
Key Points on RLUSD and Aave Horizon
- Aave Horizon RWA market launched on Ethereum for institutional lending.
- RLUSD plays a critical role in facilitating liquidity flow across digital markets.
- Liquidity providers can earn interest using RLUSD alongside Circle’s USDC and Aave’s GHO.
- In April, high demand for RLUSD reached $76 million supplied daily on Aave.
- Ripple aims to expand RLUSD use cases through strategic acquisitions, including a recent $200 million purchase of Stellar Rail.
- RLUSD ranks second on the XRP Ledger (XRPL) with a market capitalization of $85.9 million and 35,000 holders.