- Ripple and Chainlink partner to increase RLUSD adoption.
- RLUSD will leverage Chainlink standards to boost the stablecoin’s utility and accessibility across DeFi.
Ripple has teamed up with Chainlink to bring the newly launched RLUSD stablecoin to a wider audience across the decentralized finance ecosystem.
The issuer of RLUSD, which is also behind the XRP cryptocurrency, announced this collaboration with Chainlink on January 7.
Ripple and Chainlink form a partnership
Ripple stated it will use Chainlink price feeds to provide high-quality pricing data for RLUSD, with the Chainlink standard delivering verifiable on-chain data for Ethereum.
This integration improves RLUSD’s utility and accessibility across DeFi, providing support that is expected to accelerate the stablecoin’s adoption throughout a rapidly growing ecosystem. Stablecoin adoption, currently led by USDT (Tether) and USDC (Circle) as the top USD-pegged tokens, could see significant renewed interest.
“The adoption of tokenized assets like stablecoins will continue to grow over the coming years, and access to crucial on-chain data will speed up that process,” said Johann Eid, Head of Business at Chainlink Labs.
The integration will enable RLUSD to support DeFi applications across trading, lending, and other major market segments. DeFi developers will be able to integrate the stablecoin more easily into applications because the Chainlink standard provides a unified solution.
“As RLUSD expands across the DeFi ecosystem, reliable and transparent pricing is essential to maintain stability and build confidence in its utility within decentralized markets. By leveraging the Chainlink standard, we deliver trusted on-chain data that further strengthens RLUSD’s usefulness across institutional and decentralized applications,” said Jack McDonald, SVP, Stablecoin at Ripple.
Ripple launched the stablecoin, pegged 1:1 to the US dollar, in December 2024. The initial issuance occurred on the XRP Ledger and Ethereum networks. As of now, RLUSD has a market capitalization of $53.09 million and a 24-hour trading volume of approximately $21.8 million.