What to know:
- 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.
Well, would you look at that? Aave, the decentralized lending platform, has gone and made things interesting by allowing its users to supply and borrow Ripple’s RLUSD stablecoin on the V3 Ethereum Core market. It seems like the blockchain world can never resist a new toy to play with. 😏
Apparently, the peer-to-peer loans market for RLUSD has a very reasonable supply cap of 50 million and a borrow cap of 5 million. Because, you know, we wouldn’t want to get too carried away, would we? 🧐
Users can now supply and borrow RLUSD, @ripple’s enterprise-grade stablecoin, on the Aave V3 Ethereum Core market.
— Aave (@aave) April 21, 2025
RLUSD, in case you’ve been living under a rock, is a stablecoin pegged 1:1 to the almighty U.S. dollar. It’s like that one friend who always has their act together—fully backed by dollar deposits, short-term U.S. Treasuries, and cash equivalents. Each token has an equivalent fiat value, so no funny business here. 💸
If you’re wondering why this matters, here’s the kicker: RLUSD is offering some real security features that make institutional users feel all warm and fuzzy inside. For instance, a new feature on the XRP Ledger—don’t worry, it’s not a conspiracy—called “clawback,” allows the issuer to reclaim certain tokens from users’ wallets under very specific conditions. Yes, you heard that right. 🦸♂️
Industry insiders are already claiming that RLUSD could rock the boat and give Tether’s USDT and Circle’s USDC a run for their money. Of course, XRP enthusiasts are already salivating at the thought of this stablecoin helping XRP shine brighter than ever. 🍿
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2025-04-22 15:26