Ripple has partnered with the decentralized oracle network Chainlink to integrate the RLUSD stablecoin into the DeFi sector.
“Chainlink price feeds are now available on the Ethereum mainnet, providing a secure and reliable source of RLUSD price data. This enables developers to integrate stablecoin support into their DeFi applications for use cases such as trading, lending, and more,” the press release stated.
The new stablecoin, launched on the XRP Ledger and Ethereum blockchains, is natively compatible with applications and smart contracts. Its key advantages include high transaction speed, reliability, and seamless integration with existing DeFi products. However, to support RLUSD as an asset, many DeFi platforms require high-quality and dependable price data sources—a need addressed by the partnership with Chainlink.
As of this writing, RLUSD ranks 724th on CoinGecko with a market capitalization of $72.2 million. This figure reflects the asset’s growth potential, considering it was only launched in December.
Ripple began testing RLUSD in April, positioning it as a versatile tool suitable for payments, real-world asset (RWA) tokenization, and DeFi applications. According to Ripple CEO Brad Garlinghouse, RLUSD is set to become the “gold standard” for the corporate sector, thanks to its ability to improve liquidity and simplify access to decentralized financial services.
The partnership with Chainlink also paves the way for broader RLUSD adoption in various use cases, such as automated asset management, collateralization, and the creation of new financial products. Ripple thus continues to strengthen its position in the DeFi sector and expand the use of stablecoins in the global economy.
