Ripple $2.4 Chainlink today 
$23.5He announced plans to better integrate the RLUSD stablecoin with decentralized finance (DeFi) applications using ‘s services.
Switching to Ethereum Network
This feature, Ethereum 
$3,662.4 It went live on its network today and allows developers to integrate RLUSD into DeFi protocols for trading, lending and other activities.
Ripple made its RLUSD stablecoin generally available on the Ethereum and XRP Ledger networks last month. According to CoinGecko data, the token currently has a market value of $72 million.
Adoption of Chainlink Standards
By adopting the Chainlink standard, Ripple aims to accelerate the adoption of RLUSD within DeFi and increase its appeal for secure, low-cost cross-border payments. DeFi applications need reliable pricing data to manage risks associated with stablecoin usage.
“By enabling seamless functionality in DeFi, RLUSD is well positioned to support expanding use cases in decentralized financial systems,” said Jack McDonald, Ripple’s senior vice president of stablecoin.
“The Chainlink Price Feeds integration provides RLUSD with the necessary infrastructure to deliver accurate and decentralized pricing data to DeFi applications. “This ensures reliable and transparent operation of protocols using RLUSD for a wide range of financial activities.”
This collaboration enables RLUSD to have broader usage in the DeFi ecosystem and integrate with Chainlink’s robust pricing data.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
