Ripple has teamed up with Chainlink to boost the use of its Ripple USD stablecoin in decentralized finance (DeFi) applications. The collaboration, announced on Jan. 7, will provide price feeds for RLUSD on Ethereum and the XRP Ledger, aiming to support cost-effective transactions and DeFi use cases. RLUSD, pegged to the US dollar, will receive accurate data from Chainlink's decentralized nodes to reduce manipulation risks. Colin Cunningham from Chainlink Labs expressed excitement about supporting the RLUSD launch. The stablecoin, backed 1:1 by the US dollar, facilitates secure transactions for payments, trading, and lending in DeFi. The integration with Chainlink ensures real-time market data availability, supporting smart contracts and developer applications. This partnership signifies Ripple's move into DeFi markets, with the goal of accelerating RLUSD adoption. Chainlink's integration with Project Diamond also enables data provision and management of tokenized assets. Read more AI-generated news on: https://app.chaingpt.org/news

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