Hey, guys.
Important news that is being overlooked by the market amidst the correction.
Ripple integrates Chainlink to increase utility of RLUSD in DeFi 🔗💰
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. ✅
Chainlink Price Feeds 🔒 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. 📊
The Chainlink standard provides aggregated price data 📉 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. 🌍✨
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.
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Stay tuned.
