Resupply has launched its new rehypothecated stablecoin, reUSD, which has quickly gained traction in the decentralized finance (DeFi) space. Within the first 13 hours of its launch, over $20 million in reUSD was borrowed, with nearly half of that amount allocated to the Insurance Pool, which offers an annual percentage rate (APR) of 110%. By the end of the first day, borrowing had surged to approximately $30 million, indicating strong interest and usage. The total value locked (TVL) in the protocol is projected to exceed $100 million in the coming weeks. Additionally, the stablecoin has achieved a market capitalization of $25 million on its launch day, contributing to a broader trend in DeFi, where the market cap for stablecoins reached a record of $230 billion. The launch of reUSD is part of a growing ecosystem, with other projects like Nillion revealing their NIL tokenomics and a new rUSDC pool introduced by Re7 Labs, which has seen $15 million deposited.