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Aave V3 adds Ripple RLUSD stablecoin, supporting lending services in the Ethereum core market.

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Odaily News Ripple’s USD-pegged stablecoin RLUSD is now live on the Aave V3 Ethereum core market, providing lending services for institutions and Decentralized Finance users. The initial supply cap for RLUSD is 50 million, with a lending cap of 5 million. Currently, the market activity is low, with a utilization rate of 0%, and no lending activities have been observed, with an annual interest rate of 0%. Nevertheless, the market capitalization of RLUSD has exceeded 293 million USD, with a total volume of 10 billion USD. The target market of RLUSD is 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 initiation of liquidity mining and interest rate structures, it is expected to attract more users.

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