Hey, guys.
Important news that is being overlooked by the market amidst the correction.
Ripple integrates Chainlink to increase utility of RLUSD in DeFi šš°
Ripple has implemented the Chainlink standard to provide high-quality Ripple USD (RLUSD) price data on the Ethereum blockchain. RLUSD is a stable coin pegged to the US dollar 1:1, with a focus on reliability and regulatory compliance. ā
Chainlink Price Feeds š now provide a reliable data source, allowing RLUSD to be integrated into DeFi applications for trading, lending and other tasks. Chainlink was chosen due to its proven infrastructure supporting over $18 trillion in transactions and high data reliability. š
The Chainlink standard provides aggregated price data š protected by a decentralized network and reputation system that helps RLUSD scale to DeFi.
Ripple and Chainlink jointly strengthen the transparency and utility of RLUSD, supporting its adaptability in institutional and decentralized applications. šāØ
Locally the instrument is trading near local consolidation and is now testing the lower boundary, the potential is there to go lower again to the $2 area where key support is located. An important resistance zone of 2.5$ fixing above it opens the way higher.
If it was useful for you don't forget to subscribe so you don't miss anything and give us a reaction.š
Stay tuned.Ā
