Ripple has integrated Chainlink’s services to enhance the utility of its RLUSD stablecoin within decentralized finance (DeFi) applications. Launched last month on Ethereum and XRP Ledger, RLUSD now boasts a $72 million market cap. This integration, effective immediately on the Ethereum blockchain, allows developers to use RLUSD for trading, lending, and other DeFi activities. Chainlink’s infrastructure, which has supported over $18 trillion in transaction value, provides reliable pricing data crucial for managing risks in DeFi. Ripple aims to increase RLUSD’s adoption in DeFi and improve its efficiency for cross-border payments. Jack McDonald, Ripple’s senior VP of stablecoin, emphasized that this move positions RLUSD to support a wide array of financial activities in decentralized systems.
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