Ripple Taps Chainlink to Boost RLUSD Adoption in DeFi

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Altcoinbuzz2025/01/08 20:33

By:By Victor -Victor -

Ripple is raising the bar with its Ripple USD (RLUSD) stablecoin by leveraging Chainlink's trusted pricing data standard

RLUSD is an enterprise-grade, USD-backed stablecoin. It combines Ripple’s expertise in crypto and traditional finance to deliver trust, compliance, and real-world utility.

With Chainlink Price Feeds live on Ethereum, Ripple is enhancing RLUSD’s presence in the DeFi space. This opens the door for new use cases like trading, lending, and more.

Chainlink Powers RLUSD’s Growth in DeFi with Reliable Price Data

According to its blog post , Chainlink’s battle-tested infrastructure has secured over $18 trillion in transaction value. It now provides RLUSD’s ecosystem with secure, verifiable price data. For DeFi developers, this means easy integration of RLUSD into smart contracts. This makes it a reliable choice for managing risks and building decentralized applications.

“Reliable and transparent pricing is critical for RLUSD’s utility in decentralized markets,” said Jack McDonald, Ripple’s SVP of Stablecoin. “By adopting the Chainlink standard, we bring trusted data onchain, ensuring RLUSD can scale effectively across institutional and DeFi ecosystems.”

. @Ripple has adopted the Chainlink standard to access highly secure & reliable pricing data around the recently launched Ripple USD (RLUSD) stablecoin.

Learn how Chainlink Price Feeds are set to accelerate the adoption of RLUSD across the DeFi ecosystem: https://t.co/BKJIgG0mpS

— Chainlink (@chainlink) January 7, 2025

RLUSD operates on both the XRP Ledger (XRPL) and Ethereum blockchains, offering seamless compatibility with smart contract platforms. However, high-quality, reliable price data is often a sticking point for stablecoins entering the DeFi arena. Chainlink addresses this head-on, providing the tools needed to build trust and accelerate adoption.

Ripple & Chainlink Boost RLUSD’s DeFi Reach

Johann Eid, Chief Business Officer at Chainlink Labs, shared his excitement: “We’re thrilled to work with Ripple on expanding RLUSD’s reach using Chainlink’s verifiable data standard. As tokenized assets like stablecoins gain momentum, access to critical onchain data will be a game changer.”

. @Ripple x @Chainlink : $RLUSD has adopted the Chainlink standard for verifiable data to fuel DeFi adoption with real-time, secure pricing data.

The future of stablecoins is here: https://t.co/mq3cThLGQJ pic.twitter.com/993Ac0o282

— Ripple (@Ripple) January 7, 2025

Ripple’s collaboration with Chainlink underscores its commitment to bridging the gap between the existing financial system and blockchain technology. With Chainlink Price Feeds, RLUSD is set to take the decentralized economy by storm, enabling billions in transactions and solidifying its role in the evolving world of tokenized assets.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

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