Ripple, a blockchain-based payment protocol, has partnered with Chainlink, a decentralized oracle network, to enhance the adoption and utility of its stablecoin Ripple USD (RLUSD) in decentralized finance (DeFi) applications.

The collaboration, announced on January 7, will provide price feeds for RLUSD on Ethereum and Ledger XRP, aimed at supporting profitable transactions and DeFi use cases for the enterprise-grade stablecoin.

The RLUSD stablecoin is pegged to the US dollar and will receive accurate and tamper-proof data from Chainlink through its decentralized nodes. The integration is designed to reduce the risks of manipulation or downtime.