ChainCatcher news, Ripple's dollar-pegged stablecoin RLUSD has now launched on the Aave V3 Ethereum core market, providing lending services for institutional and decentralized finance users. The initial supply cap for RLUSD is set at 50 million, with a borrowing limit of 5 million. Currently, the market activity is low, with a utilization rate of 0% and no lending activity, resulting in an annual interest rate of 0%. Nevertheless, the market capitalization of RLUSD has surpassed $293 million, with a total trading volume of $10 billion.The target market for 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 applications in DeFi, and with the initiation of liquidity mining and interest structures, it is expected to attract more users.