Ripple has partnered with Chainlink to integrate RLUSD pricing data, aiming to strengthen its position in the DeFi market.
Integration with Chainlink
The main goal of the partnership between Ripple and Chainlink is to integrate RLUSD into applications used by DeFi developers, allowing for secure and transparent pricing data through Chainlink's distributed network.
Stability and Security of RLUSD
Chainlink's infrastructure provides stable and secure data delivery, crucial for user trust in decentralized markets. Pricing is directly available on-chain, minimizing the risk of manipulation.
Impact on Ripple and XRP
XRP prices surged by 18%, reflecting investor confidence and prospects for RLUSD in the blockchain space. Ripple aims to strengthen its presence in DeFi.
The integration with Chainlink underscores Ripple's commitment to strengthening its ecosystem and enhancing RLUSD stability in the rapidly evolving DeFi market.