Key Highlights:

• Ripple has integrated Chainlink services to enhance the functionality of its U.S. dollar stablecoin, RLUSD, in decentralized finance (DeFi).
• The RLUSD stablecoin was made available to the public last month on Ethereum and XRP Ledger, boasting a current market cap of $72 million.
• "This integration enables seamless operation within DeFi, positioning RLUSD to tackle a vast array of decentralized financial applications," stated Jack McDonald, Senior Vice President of Stablecoin at Ripple.

Ripple, known for its enterprise-focused blockchain solutions, has announced today its collaboration with Chainlink, which will provide crucial price data for the RLUSD stablecoin. This feature allows developers to incorporate RLUSD into trading, lending, and various other DeFi applications.

The launch of RLUSD aims to boost its appeal for secure, low-cost cross-border transactions while ensuring dependable price data is available for managing stablecoin-related risks. Chainlink’s robust infrastructure has already facilitated over $18 trillion in transaction value, effectively bridging gaps in pricing data for DeFi protocols.

Jack McDonald emphasized the importance of this integration, stating, "Integrating Chainlink Price Feeds enables RLUSD to deliver essential, decentralized pricing data effectively, ensuring reliability and transparency for financial activities."