Ripple has partnered with the decentralized oracle network Chainlink to provide support for the stablecoin RLUSD
According to Cointelegraph, blockchain-based payment protocol Ripple has partnered with decentralized oracle network Chainlink to enhance the adoption and utility of its Ripple USD (RLUSD) stablecoin in decentralized finance (DeFi) applications.
Chainlink will provide price information for RLUSD on Ethereum and XRP ledgers, aiming to support cost-effective transactions and DeFi use cases for enterprise-grade stablecoins. RLUSD is pegged to the US dollar and will receive tamper-proof accurate data through Chainlink's decentralized nodes. The integration aims to reduce manipulation or downtime risks.
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