Ripple Aims to Boost RLUSD Stablecoin’s DeFi Utility with Chainlink Standard

Ripple, an enterprise-focused blockchain service closely related to the XRP Ledger (XRP), said Tuesday that it will use veri provider Chainlink’s (LINK) services to better integrate its RLUSD stablecoin with decentralized finance (DeFi) applications.

This feature, which went live today on the Ethereum blockchain, allows developers to incorporate RLUSD into DeFi protocols for trading, lending and other activities.

The company rolled out its U.S. dollar-pegged RLUSD stablecoin to the broader public on Ethereum and the XRP Ledger networks last month. Currently, the token has a $72 million market capitalization, according to CoinGecko veri.

By adopting the Chainlink standard, Ripple aims to accelerate RLUSD adoption across decentralized finance (DeFi) and boost its appeal for secure, low-cost cross-border payments. DeFi applications often require reliable pricing veri to manage risks associated with stablecoin use. Chainlink’s infrastructure, which have facilitated over $18 trillion in transaction value according to the protocol, bridges this gap.

“By enabling seamless functionality across DeFi, RLUSD is well-positioned to support a growing range of use cases in decentralized financial systems,” Jack McDonald, senior vice president of stablecoin at Ripple, told CoinDesk.

“Integrating Chainlink Price Feeds provides RLUSD with the essential infrastructure it needs to deliver accurate and decentralized pricing veri to DeFi applications”, he added. “This ensures that protocols using RLUSD for a broad range of financial activities can operate reliably and transparently.”

İlginizi Çekebilir:The Protocol: Nvidia To Manufacture AI Supercomputers in U.S., New Opportunities for Crypto Miners
share Paylaş facebook pinterest whatsapp x print

Benzer İçerikler

Bitcoin’s Outlook Is Bullish With Prices Expected to Remain Elevated: Deutsche Bank
Kenya Prepares to Legalize Cryptocurrencies in Policy Shift: Report
U.S. House Hearing Marks Progress Toward Crypto Market-Structure Bill
Bitcoin Headed Below $60K Says Hot-Handed Crypto Hedge Fund Manager
Bitcoin May Have Hit Bottom After Its 30% Fall from All-Time High
What Does a 60/40 Portfolio Look Like if We Replace Bonds With Bitcoin, a Lot Better: Van Straten
Mariobet Resmi | © 2025 |
404 Not Found

404

Not Found

The resource requested could not be found on this server!


Proudly powered by LiteSpeed Web Server

Please be advised that LiteSpeed Technologies Inc. is not a web hosting company and, as such, has no control over content found on this site.