- Ripple and Chainlink partner to bolster RLUSD adoption.
- RLUSD will leverage Chainlink’s standard to enhance the stablecoin’s utility and accessibility across DeFi.
Ripple is teaming up with Chainlink to bring its recently unveiled stablecoin RLUSD to more users across the decentralized finance ecosystem.
The RLUSD issuer, which is also behind the XRP cryptocurrency, announced this collaboration with Chainlink on Jan. 7.
Ripple and Chainlink partner
Ripple said its tapping into Chainlink’s price feeds to enable high-quality pricing data for RLUSD, with this standard providing verifiable data on Ethereum. This means enhanced utility and accessibility for RLUSD across DeFi, support that broadens the stablecoin’s adoption across an ecosystem expected to grow rapidly.
Stablecoin adoption, currently dominated by Tether’s USDT and Circle’s USDC as the top two USD-pegged tokens, is also poised to see significant traction.
“The adoption of tokenized assets such as stablecoins will continue to accelerate in the coming years and having access to critical onchain data will accelerate the process,” – Johann Eid, chief business officer at Chainlink Labs, noted.
The integration will see RLUSD used to power DeFi applications across trading, lending and other key segments of the market. DeFi developers will easily integrate the stablecoin into applications as the Chainlink standard offers a unified solution.
“As RLUSD scales across DeFi ecosystems, reliable and transparent pricing is essential to maintaining stability and building trust in its utility within decentralized markets. By leveraging the Chainlink standard, we bring trusted data onchain, further strengthening RLUSD’s utility across both institutional and decentralized applications,” Ripple SVP, stablecoin, Jack McDonald, said.
Ripple launched its stablecoin, pegged 1:1 to the US dollar, in December 2024.
Initial issuance is on the XRP Ledger and Ethereum blockchains, and currently has a market cap of $53.09 million, with about $21.8 million in daily volume in the past 24 hours.
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