Ripple has partnered with Chainlink to enhance the functionality of its RLUSD stablecoin in decentralized finance (DeFi) applications.
This collaboration aims to integrate RLUSD with various DeFi protocols, providing a seamless experience for developers and users.
The integration with Chainlink's Price Feeds is particularly important as it ensures accurate and decentralized pricing data for protocols using RLUSD.
This partnership also aims to strengthen RLUSD's role in cross-border payments, as Ripple's adoption of Chainlink's services is expected to facilitate wider use of RLUSD in this domain.
Ripple's XRP Ledger is set to be adopted by all banks in Japan by 2025, which could have a significant impact on the cryptocurrency's market dynamics and overall valuation.