Ripple has announced the integration of Chainlink Price Feeds to provide verifiable on-chain pricing data for its Ripple USD (RLUSD) stablecoin, marking a significant step in enhancing the utility of RLUSD within decentralized finance (DeFi) ecosystems.
The Price Feeds are now live on the Ethereum mainnet, allowing developers to integrate RLUSD into their applications for various use cases, including trading and lending. Ripple has stated that this development is crucial for promoting stablecoin adoption within the on-chain economy. It provides high-quality, tamper-proof data for building trust and maintaining stability in decentralized markets.
“Reliable and transparent pricing is essential for RLUSD to scale across DeFi ecosystems,” said Jack McDonald, Senior Vice President of Stablecoin at Ripple. “By leveraging the Chainlink standard, we bring trusted data on-chain, strengthening RLUSD’s utility for both institutional and decentralized applications.”
Ripple launched RLUSD, a USD-backed stablecoin on the XRP Ledger and Ethereum, in December 2024. It is designed for DeFi applications but faces challenges securing reliable on-chain price data. Chainlink Price Feeds address this challenge by sourcing information from top aggregators and numerous exchanges while applying volume weighting and filtering outliers. This data is secured by reliable, independent Oracle nodes, ensuring high-quality, tamper-proof information is delivered directly on-chain.
Johann Eid, Chief Business Officer at Chainlink Labs, highlighted the significance of this collaboration. “The adoption of tokenized assets like stablecoins will accelerate in the coming years, and having access to critical on-chain data is key to driving this growth,” he stated. Ripple chose Chainlink Price Feeds to improve reliability and security, using a reputation framework and on-chain monitoring for performance verification.
Notably, Chainlink recently launched two key features to enhance blockchain adoption in finance: the Blockchain Privacy Manager, which allows financial institutions to connect private chains to the public Chainlink platform, and CCIP Private Transactions, an encryption protocol that ensures data privacy during cross-chain transactions.
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