US giant company Ripplein decentralized finance (DeFi) applications Ripple USD (RLUSD) a decentralized oracle network to improve stablecoin adoption and usage Chainlink (LINK) formed a partnership with.
Ripple-Chainlink collaboration uses Chainlink’s price feeds to process accurate and secure data for RLUSD transactions. Ethereum ve XRP It will enable it to be integrated into Ledger.
This collaboration aims to accelerate the adoption of Ripple institutional stablecoin RLUSD across DeFi and increase its appeal for secure, low-cost cross-border payments, while addressing risks such as data manipulation or downtime.
Ripple stablecoin senior vice president Jack McDonald said in a statement:
“RLUSD is well positioned to support growing use cases in decentralized financial systems by ensuring seamless functionality across DeFi.
Integrating Chainlink provides RLUSD with the underlying infrastructure it needs to deliver accurate and decentralized pricing data to DeFi applications.
“This ensures that protocols that use RLUSD for a wide range of financial activities can operate reliably and transparently.”
Chainlink Labs senior manager Colin Cunningham said the collaboration with Ripple is a great signal for the market and his team is excited to support the RLUSD launch.
What is Ripple USD (RLUSD)?
RLUSD It is a stablecoin backed by the US dollar at a 1:1 ratio. Ripple Launched by RLUSD, it is designed to facilitate cost-effective and secure transactions for payments, trading, lending, and other DeFi use cases.
RLUSD last month Ethereum (ETH) and launched on XRP Ledger.
*This is not investment advice.
For exclusive news, analysis and on-chain data Telegram our group, Twitter our account and Youtube Follow our channel now! Moreover Android ve IOS Start live price monitoring now by downloading our applications!
Source: https://www.bitcoinsistemi.com/rippledan-kritik-hamle-surpriz-altcoin-ile-ortaklik-kurdugunu-duyurdu/
