Ripple's RLUSD integrates Chainlink Price Feeds to boost utility in DeFi on Ethereum.
Chainlink's infrastructure supports over $18 trillion in transaction value.
RLUSD issued on XRPL and Ethereum, aims to maintain stable 1:1 USD value.
Ripple has revealed the adoption of Chainlink’s Price Feeds to enhance the onchain functionality of Ripple USD (RLUSD), the company’s USD-pegged stablecoin. Ripple plans to offer developers verifiable pricing data in RLUSD on the Ethereum blockchain to support trade, lending, and other decentralized finance (DeFi) applications.
https://twitter.com/Ripple/status/1876618313943470412
This is a notable development for RLUSD, launched on the XRP ledger and Ethereum in December 2024. Ripple further noted that high-quality and reliable data are critical for DeFi applications in managing risk. Chainlink Price Feeds will deliver tamper-proof, volume-weighted average prices from global trading environments directly onchain, ensuring transparency and security.
Features of Chainlink Standard Elevate RLUSD Adoption
Ripple selected Chainlink Price Feeds due to several key features that ensure the accuracy and reliability of RLUSD data. These include high-quality data aggregation from premium providers, decentralized Oracle networks, and a strong reputation framework.
Chainlink’s infrastructure is powered by independent, security-reviewed nodes operated by trusted blockchain teams and traditional enterprises. This decentralized approach minimizes the risks of downtime or manipulation while maintaining high availability, even during network congestion.
Furthermore, the partnership will enable RLUSD to drive mainstream integration within DeFi platforms with various applications, including cross-border payments, lending, and trading. Ripple’s Senior Vice President of Stablecoin, Jack McDonald, stated that providing secure and transparent pricing enhances the stability of decentralized markets.
Unlocking the Stablecoin Opportunity with RLUSD
Ripple’s RLUSD stablecoin is designed to maintain a 1:1 peg to the US dollar, offering businesses and consumers a stabilized, cost-effective medium for local and cross-border transactions. This integration with Chainlink strengthens the RLUSD’s ability to interact with various smart contract applications within the DeFi ecosystem.
Moreover, the adoption of Chainlink Price Feeds aligns with Ripple’s broader vision of driving stablecoin-based financial transactions. Ripple aims to make RLUSD a trusted DeFi asset with decentralized, secure data infrastructure.
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