- RLUSD has crossed a $293 million market cap and shows $36.12 million in daily trading volume, highlighting its steady market growth.
- Aave V3 listing added institutional lending access for RLUSD, though utilization remains below 0.01 percent of its capped supply.
- Ripple Payments now supports RLUSD for enterprise use, aiming to improve cross-border operations through trusted providers like BKK Forex.
Ripple’s stablecoin RLUSD was added to the Aave V3 Ethereum Core Market, enabling lending and borrowing. Despite this integration, on-chain activity remains low. A supply cap of $50 million and a borrow cap of $5 million were set. Early data showed only 125 RLUSD supplied, resulting in 0 percent deposit APY and liquidity of roughly $125. The stablecoin maintained a price of $1.00.
Since its launch in December 2024, RLUSD has reached a market capitalization of over $293 million. Daily trading volume recently rose to $36.12 million. This signals increased liquidity and growing utility across different sectors. The Aave listing follows several expansion moves by Ripple.
Integration With Ripple Payments Expands Reach
Ripple has now integrated RLUSD into Ripple Payments, its cross-border payment platform. This move supports faster transactions for enterprise clients. RLUSD is used in test operations with companies like BKK Forex and iSend. Ripple announced earlier in April that RLUSD would become a key part of its business payment system.
RLUSD also became available on the Kraken exchange, opening access to retail and institutional users. According to Ripple’s stablecoin division, RLUSD is being used for collateralized transactions in both crypto and traditional markets. These developments reflect Ripple’s broader focus on utility and adoption across financial platforms.
The expansion of RLUSD coincides with rising interest in stablecoin regulation in the United States. Lawmakers are preparing to vote on new rules focused on digital dollar-pegged assets. Meanwhile, a Trump-backed project, World Liberty Financial, has announced plans to issue its own USD-pegged token. This may increase competition within the stablecoin market.
