Ripple integrates Chainlink for DeFi expansion
Ripple has partnered with Chainlink to integrate its oracle network, ensuring accurate pricing for RLUSD stablecoin in decentralized finance (DeFi) applications. This collaboration aims to enhance RLUSD's adoption for trading, lending, and other financial services.Positioning RLUSD for institutional DeFi
The partnership with Chainlink addresses the critical need for reliable, tamper-proof price data, helping RLUSD compete in the growing institutional DeFi market. Ripple's SVP of Stablecoin, Jack McDonald, emphasized the importance of pricing transparency for building trust in decentralized markets.Dual blockchain compatibility for RLUSD
RLUSD operates on both the XRP Ledger and Ethereum blockchain, maintaining a 1:1 peg with the U.S. dollar. This dual architecture focuses on compliance and interoperability with decentralized applications.Chainlink’s advanced infrastructure enhances security
Chainlink provides high-quality price feeds sourced from hundreds of exchanges, with built-in safeguards against manipulation, making it ideal for institutional risk management. Ripple’s collaboration with Chainlink showcases its ambition to position RLUSD as a leading stablecoin in the DeFi ecosystem, paving the way for broader adoption.
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