Ripple Partners with Chainlink to Expand RLUSD Stablecoin in DeFi
The integration of Chainlink's price feeds aims to enhance RLUSD's utility for decentralized trading, lending, and cross-border payments.
- Ripple has integrated Chainlink's decentralized price feeds to support its RLUSD stablecoin on Ethereum and XRP Ledger networks.
- The partnership is designed to improve RLUSD's adoption in decentralized finance (DeFi) by providing reliable and tamper-resistant pricing data.
- RLUSD, launched in December 2024 and pegged 1:1 to the U.S. dollar, currently has a market capitalization of $72 million.
- Ripple executives emphasize that the integration will enable RLUSD to support trading, lending, and other DeFi applications with enhanced transparency and risk management.
- This collaboration aligns with Ripple's long-term goal to position RLUSD as a stable, low-cost solution for cross-border payments and institutional DeFi use cases.