Ripple and Chainlink have joined forces to promote the new stablecoin Ripple USD (RLUSD) 🚀. Chainlink will provide reliable price data for RLUSD on Ethereum, enabling DeFi applications to use it for trading and lending. RLUSD, issued on the XRP Ledger and Ethereum, promises to become an important player in the world of stablecoins.

Despite this, XRP and LINK tokens have fallen amid the overall market decline 📉. XRP lost 6.4%, while LINK dropped 11.7%.