Ripple Integrates Chainlink for Reliable RLUSD Stablecoin Price Data
Ripple has announced a partnership with Chainlink to enhance the utility of its RLUSD stablecoin by leveraging Chainlink’s decentralized Oracle network for trustworthy on-chain pricing data. The integration is set to enable developers to incorporate RLUSD into decentralized finance (DeFi) applications such as trading and lending, offering accurate and reliable price information critical for adoption.
RLUSD, pegged to the US Dollar, operates on the XRP Ledger (XRPL) and Ethereum blockchains. To ensure its acceptance in the DeFi ecosystem, the stablecoin requires high-quality price data—a need fulfilled by Chainlink’s Price Feeds. These feeds aggregate data from hundreds of providers and exchanges, discarding unreliable inputs such as wash trading, to deliver a precise, volumetric weighted price. This mechanism ensures resilience against manipulation while maintaining efficiency through on-chain delivery.
Ripple’s decision to integrate Chainlink reflects its commitment to offering dependable resources, even under challenging network conditions like high gas prices or outages. Chainlink’s decentralized architecture guarantees uninterrupted and tamper-proof pricing data, a crucial requirement for DeFi markets.
Johann Eid, Chief Business Officer at Chainlink Labs, highlighted the importance of the partnership, stating, “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.”
Jack McDonald, Senior Vice President of Stablecoin at Ripple, echoed this sentiment, emphasizing that the integration strengthens RLUSD’s utility. “By leveraging the Chainlink standard, we bring trusted data on-chain, further strengthening RLUSD’s utility,” McDonald said.
This collaboration is expected to bolster RLUSD’s adoption across the DeFi ecosystem, ensuring trust, stability, and reliability for developers and users. By addressing key challenges such as secure data delivery and manipulation resistance, Ripple and Chainlink are paving the way for broader adoption of tokenized assets and their integration into decentralized financial systems.