Ripple’s stablecoin for enterprises, RLUSD, is receiving a significant boost from the widely-used Chainlink oracle network, as Ripple looks to introduce RLUSD to the decentralized finance (DeFi) world.
Thanks to its track record of successfully handling transactions worth over $18 trillion in institutional markets, Chainlink’s collaboration with Ripple will allow decentralized applications to access its price feeds, leading to wider usage of RLUSD for various financial activities such as trading, lending, and more.
By entering the institutional DeFi market, RLUSD could stand out and attract more users, with the help of reliable price feeds and a robust infrastructure provided by Chainlink.
“As RLUSD expands into various DeFi ecosystems, having trustworthy and transparent pricing is crucial for maintaining its stability and establishing trust in its usability within decentralized markets,” stated Jack McDonald, Ripple’s Senior Vice President of Stablecoin.
