Ripple and Chainlink join forces to promote new developments in DeFi applications! 🎉

Ripple has announced a partnership with the decentralized oracle network Chainlink, aiming to enhance the adoption and utility of its stablecoin Ripple USD (RLUSD) in the decentralized finance (DeFi) space. Through this collaboration, Chainlink will provide price information on the Ethereum and XRP ledgers for RLUSD, ensuring data accuracy and tamper-proof capabilities.

This integration not only helps support cost-effective transactions for enterprise-grade stablecoins but also reduces the risk of manipulation and downtime, bringing more possibilities to DeFi use cases. 🔗💸

How this partnership will impact the market is worth ongoing attention.