According to PANews, Ripple announced that it would adopt Chainlink price oracles to provide accurate data support for its US dollar stablecoin RLUSD to enhance its application in decentralized finance (DeFi).
RLUSD was launched on Ethereum and XRP Ledger last month and currently has a market cap of $72 million. This feature is already live on Ethereum, allowing developers to integrate RLUSD into DeFi protocols for trading, lending, and other scenarios.
Ripple hopes to use Chainlink's infrastructure to accelerate the DeFi adoption of RLUSD and promote its use in secure, low-cost cross-border payments.