Ripple and Chainlink team up to RLUSD adoption

Ripple and Chainlink partner to boost RLUSD adoption. RLUSD uses the Chainlink standard to increase stablecoin service and accessibility on DeFi.

Ripple is partnering with Chainlink to bring its recently released stablecoin RLUSD to more users in the decentralized financial ecosystem.

RLUSD, the issuer behind the XRP cryptocurrency, partnered with Chainlink on January 7.

Ripple and Chainlink partner

Ripple says it has tapped ChainLink's price feeds to enable high-quality price data for RLUSD, a benchmark that provides verified data on Ethereum. This means improved usability and accessibility for RLUSD in DeFi, a stable coin that is expected to expand its adoption in an ecosystem that is expected to grow rapidly.

Stablecoin adoption, currently dominated by Tether's USDT and Circle's USDC as the top two USD-pegged tokens, is also set to see significant traction.

“The adoption of tokenized assets such as stablecoins will continue to accelerate in the coming years and will speed up the process of obtaining critical onchain data,” – Johan Ed, Chief Commercial Officer at Chainlink Labs, explained.

The integration will enable RLUSD to power DeFi applications in trading, lending and other key market segments. DeFi developers can easily integrate stablecoins into applications as the Chainlink standard provides a unified solution.

“As RLUSD scales in DeFi ecosystems, a reliable and transparent price is essential to maintain stability and build trust in its service in decentralized markets. Using the Chainlink standard, we bring trusted data to the chain, further strengthening RLUSD's service in both institutional and decentralized applications,” Ripple said. SVP, stablecoin, Jack McDonald said.

Ripple launched a stablecoin pegged 1:1 against the US dollar in December 2024.

The initial issue is on the XRP Ledger and Ethereum blockchains, and currently has a market capitalization of $53.09 million, which is about $21.8 million daily in the last 24 hours.