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Ripple RLUSD Reaches Daily Volume of US$100 Million, a DeFi Game-Changer?

_Ripple United States Dollar_ (RLUSD), a _stablecoin_ created by Ripple Labs, recorded a daily trading volume of more than US$100 million or equivalent to IDR1.6 trillion. This achievement marks Ripple's strategic step in expanding its ecosystem in the traditional and decentralized financial markets (DeFi).

It is known that RLUSD is designed with a liquidity-based model to facilitate integration into various financial platforms. The founder of Omni Network and former Ripple Executive explained that the high trading volume encourages more exchanges to adopt RLUSD.

In addition, with RLUSD now integrated with Ethereum (ETH) and Chainlink-based protocols, it will allow its use on lending platforms, decentralized exchanges (DEX), and derivative markets.

In addition, Ripple also has the ambition to make RLUSD the main asset in real asset tokenization by integrating RLUSD into Liquidity Hub. On the other hand, the achievement of the volume record is considered only the beginning of Ripple's efforts to dominate the stablecoin market and financial innovation.

-# Image Source: Getty Images