Ripple’s institutional-grade stablecoin RLUSD has secured a significant listing on Euler Finance, a prominent decentralized finance (DeFi) platform. This development enables users to utilize RLUSD for lending, borrowing, and as collateral on Euler, expanding the stablecoin’s functionality within the DeFi ecosystem.
The listing includes incentive programs designed to encourage participation from both borrowers and lenders, thus enhancing liquidity and market engagement for RLUSD. Following its addition to major platforms such as Gemini and others, RLUSD experienced a 63.7% increase in daily trading volume, leading to a market capitalization of $300 million and ranking 12th globally among stablecoins.
This integration aligns with Ripple’s broader institutional and regulatory compliance strategy. The stablecoin is increasingly being adopted across regulated trading venues and platforms including Revolut, Zero Hash, Hidden Road, and Gemini, strengthening its footprint in both crypto and traditional financial sectors.
Ripple is also leveraging real-world use cases by deploying RLUSD in philanthropic initiatives, such as a $25 million donation supporting U.S. public education, demonstrating the stablecoin’s utility beyond finance.
Overall, the Euler Finance listing represents a pivotal step for RLUSD’s growth within scalable, compliant decentralized finance, enhancing its market position and broadening its application for institutional and retail users alike.