Ripple continues to promote its RLUSD stablecoin, targeting institutional clients. The latest move is the integration of RLUSD into the Aave V3 lending market on Ethereum. However, the initial days showed low activity. Despite this, the launch is considered a significant step for RLUSD’s development in decentralized finance (DeFi).
Launched With Limitations
The platform implemented caps: the maximum amount of RLUSD in the pool is set at $50 million, while the borrowing limit is $5 million. At the time of publication, the stablecoin maintains its peg to the dollar and is trading at $1. Incentive programs such as liquidity mining or bonus rates have not yet been launched, which may explain the low user interest in the pool.
Since its launch in December, RLUSD has shown steady growth. Its current market capitalization stands at $294 million, with a daily trading volume of $33.84 million. Since inception, RLUSD has processed over $10 billion in transactions. The primary purpose of the token is to optimize settlements between legal entities, especially for cross-border payments. Since early April, it has been used in the Ripple Payments system.
Unlike consumer alternatives, RLUSD is focused on business use. The token is already traded on Kraken, LMAX Digital, Bitstamp, Bullish, and Zero Hash. Ripple states that it will continue to promote RLUSD among institutional clients and expand its use cases—from payments to loans and trading operations on both centralized and decentralized platforms.
Aave and Ripple Join Forces
The integration of RLUSD into Aave V3 is part of Ripple’s broader strategy to strengthen its presence in DeFi. In March, Aave launched on the Sonic network to speed up operations. The development involved BGD Labs, Chaos Labs, and LlamaRisk, with Chainlink oracles providing price feeds.
According to experts, RLUSD appears as a more “heavyweight” institutional alternative for decentralized lending protocols. Ripple expects that with increased liquidity and the launch of incentives, RLUSD will gain wider adoption in DeFi.
Thus, both platforms — Aave and Ripple — are betting on DeFi development and reorienting infrastructure, each with its own strategy: one through scalability, the other through institutional stability.
Aavegotchi Migrates From Polygon to Base
Meanwhile, the NFT protocol Aavegotchi, known for its Web3 gaming mechanics, is fully exiting Polygon. More than 93,5% of participants in a decentralized vote on April 8 supported the transition to Base — a Layer 2 network on Ethereum developed by Coinbase. Project founder Dan described the collaboration with Base as more promising under current conditions and proposed shutting down all contracts on Polygon.
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