Ripple’s RLUSD Surges in DeFi Use as Borrowing Sets New All-Time High

Ripple’s U.S. dollar–pegged stablecoin, RLUSD, has achieved a new milestone. According to data from Sentora (formerly IntoTheBlock), borrowing activity for RLUSD on the decentralized finance (DeFi) platform Euler Finance has surged to a record 49,971,274 RLUSD. This marks a major leap in demand and usage, especially considering RLUSD was only added to Euler in late May.

Euler users can now lend, borrow, or use RLUSD as collateral. This surge in borrowing underlines RLUSD’s growing role in DeFi lending markets. The figure signals rising confidence in RLUSD as a trusted asset for collateralized loans, a notable achievement for a stablecoin that remains relatively new in the DeFi space.

ATH 📈The amount of RLUSD borrowed on @eulerfinance reached a new high of 49,971,274 RLUSD

🔗https://t.co/BcA56HP7KH pic.twitter.com/GhEq3OSmWS
— Sentora (previously IntoTheBlock) (@SentoraHQ) June 19, 2025

RLUSD Adoption Expands Across DeFi Platforms

In addition to its presence on Euler Finance, RLUSD was also integrated into the Aave V3 Ethereum Core market back in April. Through Aave, users can supply or borrow RLUSD, further boosting the stablecoin’s liquidity and utility across platforms.

As a result of this rising demand, Ripple has minted 29 million RLUSD since June 13. Notably, 10 million of those were minted on June 18 alone. This rapid minting reflects the growing confidence in RLUSD and its increasing adoption. Currently, RLUSD has a circulating supply of 415.74 million tokens.

The XRP Ledger continues to support a variety of stablecoins beyond RLUSD. Other notable names include Circle’s USDC, StraitsX’s XSGD, Schuman Financial’s EURØP, and BrazaBank’s USDB. However, RLUSD’s recent borrowing surge sets it apart as one of the fastest-growing stablecoins in this ecosystem.

U.S. Legislation Fuels Stablecoin Market Growth

Meanwhile, the broader stablecoin market is witnessing record growth. Total market capitalization has now surpassed $250 billion. According to CoinMarketCap, stablecoins collectively hold a market cap of $255.5 billion, reflecting a 22% increase this year.

This growth follows the U.S. Senate’s recent passage of legislation aimed at regulating stablecoins. The bill introduces legal standards for dollar-pegged digital assets, offering much-needed clarity to the sector. Analysts believe this regulatory step will drive even more adoption and growth within the stablecoin market.

Ripple’s RLUSD is rapidly gaining traction across DeFi platforms. With nearly 50 million borrowed on Euler and growing adoption on Aave, RLUSD is proving its value as a collateral asset. As regulatory clarity continues to boost investor confidence in stablecoins, RLUSD appears well-positioned for sustained growth in the months ahead.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.