$XRP

The supply of the stablecoin Ripple RLUSD has risen to $76 million on the Aave platform in just four days since its launch on April 21, 2025, despite its limited use and borrowing.

The total market capitalization of RLUSD is approaching $300 million, with 70% of it issued on the Ethereum network, reflecting Ripple's strong push towards decentralized finance (DeFi).

Technical analysis also shows potential upward price movements for XRP to levels of $2.49, $3.00, and even $6.50 as May approaches.

Although RLUSD is a Ripple stablecoin, about 70% of it is issued on Ethereum, not the XRP ledger. Out of nearly 294 million tokens, only 94 million are on the XRP ledger - the rest on Ethereum, home to leading DeFi platforms like Uniswap, Aave, and Curve.

The launch of RLUSD on Ethereum allows Ripple access to instant liquidity and broader user adoption on established platforms. Ripple has long supported a multi-chain future, and positioning RLUSD where users are - on Ethereum - is part of that strategy. This could also lead to future expansion onto other chains like Cardano, Solana, or Avalanche.