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Ripple Announces Partnership With Chainlink To Boost RLUSD Stablecoin
The post Ripple Announces Partnership With Chainlink To Boost RLUSD Stablecoin appeared on BitcoinEthereumNews.com. Ripple is partnering with Chainlink in an effort to enhance the adoption and utility of its RLUSD stablecoin across the decentralized finance (DeFi) ecosystem. The partnership integrates Chainlink’s decentralized Oracle network to provide secure and reliable price data for RLUSD transactions on the XRP ledger and Ethereum. Ripple-Chainlink Partnership Ripple announced the partnership in a press release highlighting its benefits to the newly launched stablecoin. RLUSD was launched in December 2024, a few months after the project was announced. The launch renewed expectations within the stablecoin ecosystem, currently dominated by Tether (USDT) and Circle (USDC). Integrating with Chainlink is an important step in boosting competition within the stablecoin ecosystem. “JUST IN: Ripple partners with Chainlink $LINK to enhance the utility of $RLUSD across the on-chain economy.” Chainlink’s robust infrastructure facilitates over $18 trillion in transactional value. The partnership will allow RLUSD to leverage this infrastructure for real-time market data to support RLUSD’s use cases, including trading, payments, and lending. Ripple’s Senior Vice President of Stablecoin, Jack McDonald, talked about the partnership, stating, “As RLUSD scales across DeFi ecosystems, reliable and transparent pricing is essential to maintaining stability and building trust. By leveraging the Chainlink standard, we bring trusted data on-chain,” he added. “Further strengthening RLUSD’s utility across both institutional and decentralized applications.” A Broader Effort Chainlink’s partnership with Ripple is part of a broader effort to provide decentralized data solutions to blockchain projects. Chainlink has previously partnered with Coinbase’s Project Diamond, regulated by the Abu Dhabi Global Market, to manage tokenized assets. Such partnerships allow Chainlink to demonstrate its capacity to support large-scale DeFi adoption. Chainlink’s Colin Cunningham and Johann Eid praised the partnership, calling it a milestone for both companies and emphasized the importance of high-quality on-chain data in facilitating stablecoin adoption and supporting institutional DeFi. The integration ensures…
The post Ripple Announces Partnership With Chainlink To Boost RLUSD Stablecoin appeared on BitcoinEthereumNews.com.
Ripple is partnering with Chainlink in an effort to enhance the adoption and utility of its RLUSD stablecoin across the decentralized finance (DeFi) ecosystem. The partnership integrates Chainlink’s decentralized Oracle network to provide secure and reliable price data for RLUSD transactions on the XRP ledger and Ethereum. Ripple-Chainlink Partnership Ripple announced the partnership in a press release highlighting its benefits to the newly launched stablecoin. RLUSD was launched in December 2024, a few months after the project was announced. The launch renewed expectations within the stablecoin ecosystem, currently dominated by Tether (USDT) and Circle (USDC). Integrating with Chainlink is an important step in boosting competition within the stablecoin ecosystem. “JUST IN: Ripple partners with Chainlink $LINK to enhance the utility of $RLUSD across the on-chain economy.” Chainlink’s robust infrastructure facilitates over $18 trillion in transactional value. The partnership will allow RLUSD to leverage this infrastructure for real-time market data to support RLUSD’s use cases, including trading, payments, and lending. Ripple’s Senior Vice President of Stablecoin, Jack McDonald, talked about the partnership, stating, “As RLUSD scales across DeFi ecosystems, reliable and transparent pricing is essential to maintaining stability and building trust. By leveraging the Chainlink standard, we bring trusted data on-chain,” he added. “Further strengthening RLUSD’s utility across both institutional and decentralized applications.” A Broader Effort Chainlink’s partnership with Ripple is part of a broader effort to provide decentralized data solutions to blockchain projects. Chainlink has previously partnered with Coinbase’s Project Diamond, regulated by the Abu Dhabi Global Market, to manage tokenized assets. Such partnerships allow Chainlink to demonstrate its capacity to support large-scale DeFi adoption. Chainlink’s Colin Cunningham and Johann Eid praised the partnership, calling it a milestone for both companies and emphasized the importance of high-quality on-chain data in facilitating stablecoin adoption and supporting institutional DeFi. The integration ensures…
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