Ripple Taps Chainlink
as it Pushes
for DeFi
Expansion with RLUSD Stablecoin
Ripple Taps Chainlink as it Pushes for DeFi Expansion with RLUSD Stablecoin
Ripple wants its new stablecoin to play nice with DeFi apps, and it’s bringing
in Chainlink's price feeds to make that happen.
By Vince Dioquino
Jan 7, 2025 Jan 7, 2025
2 min read
Ripple. Image: Shutterstock
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Ripple's enterprise• Объект бренды » Бренды на e » Enterprise stablecoin, RLUSD, is getting a boost with
Chainlink's battle-tested oracle• Объект бренды » Бренды на o » Oracle network as the company aims to bring
RLUSD to decentralized finance.
After facilitating over $18 trillion in transaction value across institutional
markets, Chainlink's partnership with Ripple would enable decentralized
apps to access its price feeds, expanding the use of Ripple's stablecoin
for trading, lending, and other financial services• Экономика » Финансы » Финансовые услуги
• Сфера услуг » Финансовые услуги.
The move could position RLUSD to compete in the growing institutional DeFi
sector, where reliable price feeds and robust infrastructure are essential for
large-scale adoption.
"As RLUSD scales across DeFi ecosystems, reliable and transparent pricing is
essential to maintaining stability and building trust in its utility within
decentralized markets," Jack McDonald, SVP of Stablecoin at Ripple, said in a
statement shared with Decrypt .
The integration addresses a crucial barrier to institutional DeFi adoption—the
need for high-quality, tamper-resistant price data.
Chainlink's infrastructure sources pricing information from hundreds of
exchanges, weighted by volume and filtered for manipulation attempts.
Stablecoin adoption will continue “to accelerate in the coming years,” Johann
Eid, Chief Business• Экономика » Бизнес Officer at Chainlink Labs, said in a statement. “Having
access to critical onchain data” would speed up this process, Eid claims
Launched amid a surge in XRP prices in December last year, RLUSD operates on
both the XRP Ledger and Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн, designed to maintain a 1:1 value
with the U.S• Соединённые Штаты Америки (США). dollar.
Ripple claims that stablecoin's architecture emphasizes enterprise• Объект бренды » Бренды на e » Enterprise
compliance while enabling composability, which refers to its ability to
connect with and build on top of other decentralized apps.
Chainlink's reputation system, meanwhile, provides on-chain monitoring
tools that allow users to independently verify the performance of node
operators and oracle• Объект бренды » Бренды на o » Oracle networks, a key consideration for institutional risk
management.
Edited by Sebastian Sinclair
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