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Ripple RLUSD Achieves Daily Volume of US$100 Million, Becomes DeFi Game-Changer?

_Ripple United States Dollar_ (RLUSD), _stablecoin_ created by Ripple Labs, recorded a daily trading volume of over US$100 million or equivalent to RP1.6 trillion. This achievement marks Ripple's strategic step in expanding its ecosystem in the traditional and decentralized (DeFi) financial markets.

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.

Moreover, with RLUSD now integrated with Ethereum (ETH) and Chainlink-based protocols, it will enable its use in _lending_ platforms, decentralized exchanges (DEX), and derivative markets.

Additionally, Ripple is also ambitious to make RLUSD a key asset in the tokenization of real-world assets by integrating RLUSD into the Liquidity Hub. On the other hand, this record volume achievement is considered just the beginning of Ripple's efforts to dominate the _stablecoin_ market and financial innovation.

-# Image Source: Getty Images