Ripple has partnered with Chainlink to enhance its RLUSD stablecoin.

Collaboration for Transparent Pricing and Reliable Data

The collaboration aims to provide transparent pricing and reliable data for the stablecoin's adoption in the decentralized finance ecosystem on Ethereum.

Chainlink's infrastructure will allow Ripple to access volume-weighted average prices from multiple data sources, mitigating risks and ensuring trustworthy data.

Increased Utility and Confidence

This partnership is expected to instill confidence among developers and increase the stablecoin's utility across platforms.

RLUSD operates on both the XRP Ledger and Ethereum, and Ripple plans to support additional blockchains for low-cost, instant settlements.

Contributing to the Maturation of the Crypto Market

The collaboration aligns with the increasing adoption of tokenized assets and contributes to the maturation of the crypto market.

By providing a stablecoin that operates seamlessly across multiple blockchains, Ripple aims to attract institutional adoption of digital currencies.

A Robust and Reliable Framework for Stablecoins

Overall, this partnership establishes a more robust and reliable framework for stablecoins, positioning RLUSD to play a pivotal role in the future of tokenized assets.