Ripple Partners with Chainlink to Expand RLUSD Adoption

Ripple has integrated Chainlink’s infrastructure to provide transparent price data for the USD-pegged stablecoin RLUSD on the Ethereum blockchain.

Azcnews Ripple Partners With Chainlink To Expand Rlusd Adoption

Ripple has integrated Chainlink’s infrastructure to provide transparent price data for the USD-denominated stablecoin RLUSD on the Ethereum blockchain.

RLUSD is designed to maintain parity with the USD and is positioned as an enterprise stablecoin with a focus on transparency, utility, and regulatory compliance. The integration aims to enhance RLUSD’s usability in the decentralized finance (DeFi) ecosystem.

Chainlink Price Feeds are now live on the Ethereum mainnet, allowing developers to integrate RLUSD into various DeFi applications such as trading and lending platforms. The Chainlink standard provides a decentralized solution that provides secure and real-time asset price data – a key factor in supporting RLUSD’s adoption in on-chain markets.

Stablecoins like RLUSD aim to enable faster, more cost-effective cross-border and domestic transactions. Ripple’s RLUSD, issued on both the XRP Ledger and the Ethereum blockchain, is natively compatible with smart contract-based applications. However, to drive broader adoption in DeFi, developers need reliable price data to manage risk and support a variety of financial use cases.

Ripple Combines With Chainlink

Ripple Combines With Chainlink

Integrating Chainlink’s decentralized oracle network ensures that RLUSD can leverage high-quality off-chain data, providing the infrastructure needed to support secure and scalable DeFi applications. Chainlink’s Price Feeds aggregate market data from multiple sources, providing a volume-weighted average price that helps combat $XRP