- Ripple and Chainlink have announced a partnership
- Chainlink Price Feeds integration for RLUSD on Ethereum
- RLUSD gets reliable infrastructure for integrating DeFi protocols
Two fundamentally important players in the Web3 space have announced their partnership regarding the RLUSD stablecoin. More specifically, Chainlink Price Feeds integrates with RLUSD on Ethereum, providing a decentralized price verification system for DeFi applications and reliable infrastructure for integrating DeFi protocols.
The Importance & Prospects of Ripple and Chainlink Integration
As DeFi continues its development in technical, economic, and political contexts, the integration of a key infrastructural player like Chainlink greatly expands opportunities for more and more projects.
In particular, Chainlink’s proven infrastructure, which has already processed over $18 trillion in transactions, provides not only access to cross-chain data but also ensures its quality and security:
- Multi-level data aggregation based on trading volumes
- Automatic filtering of anomalous values
- Protection from Sybil attacks through a network of verified nodes
- Constant monitoring and auditing of the system operation
Now another key player Ripple is getting these benefits, in particular getting a reliable source of RLUSD pricing data on the Ethereum mainnet. This gives immediate technical advantages to Ripple and its RLUSD:
- High-quality aggregated price data protected from manipulation
- A reliable network of independent validators with a proven track record
- Decentralized, fault-tolerant architecture
- Transparent, real-time node performance monitoring system
Also, it provides a more fundamental perspective that could improve the entire RLUSD ecosystem and help in its adoption given the active development of the stablecoin sector:
- A reliable infrastructure for integration with DeFi protocols
- The ability to be used safely in lending and trading
- Transparent pricing mechanism for institutional investors
- Potential for developing cross-chain solutions between XRPL and Ethereum
In his announcement, Jack McDonald, SVP, Stablecoin at Ripple, put it very optimistically:
“As RLUSD scales across DeFi ecosystems, reliable and transparent pricing is essential to maintaining stability and building trust in its utility within decentralized markets. By leveraging the Chainlink standard, we bring trusted data on-chain, further strengthening RLUSD’s utility across both institutional and decentralized applications.”
Johann Eid, Chief Business Officer at Chainlink Labs, was not left out, supporting his optimism:
“We’re thrilled to be working with Ripple on accelerating the adoption of their recently launched RLUSD stablecoin through the adoption of the Chainlink standard for verifiable data. The adoption of tokenized assets such as stablecoins will continue to accelerate in the coming years and having access to critical on-chain data will accelerate the process.”
Conclusion
One of the key crypto companies Ripple with one of the world’s largest cryptocurrencies XRP and its own stablecoin RLUSD is teaming up with Chainlink, a key player for all Web3 and its infrastructure – the scale of this integration is hard to overestimate, at least in its potential. However, as usual, the implementation and development are still to be watched, so pay attention and stay tuned.
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