Ripple has recently integrated Chainlink's services to enhance the functionality of its RLUSD stablecoin in decentralized finance (DeFi) applications.

This integration, which is now live on the Ethereum blockchain, enables developers to utilize RLUSD for various financial activities such as trading and lending.

RLUSD, a stablecoin pegged to the U.S. dollar, was made available to the public last month and currently has a market capitalization of $72 million.

By adopting Chainlink's infrastructure, Ripple aims to promote the use of RLUSD in DeFi and position it as a secure and cost-effective option for cross-border payments.

Chainlink's reliable pricing data is crucial for managing risks associated with stablecoin usage, ensuring that protocols utilizing RLUSD can operate with transparency and reliability.

Jack McDonald, senior vice president of stablecoin at Ripple, highlighted that this integration provides the necessary framework for accurate and decentralized pricing data, supporting a wide range of financial applications in the evolving DeFi landscape.