Odaily Planet Daily News Ripple's dollar-pegged stablecoin RLUSD is now available on the Aave V3 Ethereum core market, providing lending services to institutions and decentralized financial users. The initial supply limit of RLUSD is 50 million, and the lending limit is 5 million. The market is currently less active, with a utilization rate of 0%, no lending activity, and an annual interest rate of 0%. Despite this, RLUSD's market value has exceeded US$293 million and a total transaction volume of US$10 billion.
RLUSD targets enterprise applications, and Ripple has integrated it into the Ripple payment system to facilitate cross-border payments. Its launch on Aave V3 opens up new prospects for its future application in DeFi, and with the launch of liquidity mining and interest structures, it is expected to attract more users.