Ripple Integrates Chainlink Standard for its RLUSD Stablecoin
Ripple is integrating chain link Standards will help launch new RLUSD Stablecoin on the chain. This partnership comes with a few key features, the most important being the integration of real-time price data into RLUSD’s blockchain.
Additionally, Chainlink will provide ongoing support for its decentralized network services. The news comes from an exclusive press release shared with BeInCrypto.
Ripple partners with Chainlink
ripple, One of the leading crypto asset issuersis working with Chainlink to ensure scaling utility for its new RLUSD stablecoin. the company How many months to launchtrying to break the duopoly of Tether and Circle in the stablecoin market. Now that RLUSD is live, this partnership will help enable several key capabilities.
“As RLUSD continues to expand in scale Decentralized Finance In an ecosystem, reliable and transparent pricing is critical to maintaining stability and building trust. By leveraging the Chainlink standard, we bring trusted data on-chain, further enhancing RLUSD’s utility in institutions and decentralized applications. ” said Jack McDonald, Ripple’s senior vice president of stablecoins.
chain link, one Creating a platform for interoperable protocolsprovides Ripple with several key advantages. Its standards will enable stablecoins to receive high-quality price feedback data integrated directly on-chain, coupled with a decentralized network and dedicated Safety node operator.
since New York regulators approve RLUSD In early December, Ripple had been developing rapidly. Before it was launched, it Boosted the company’s other assetsinclude Foreign exchange inflows increase. New stablecoins have shown great promise, and the Chainlink partnership will help Ripple achieve this goal.
RLUSD has also recently entered the Asian market and has achieved Listed on the Singapore Independent Reserve Exchange.
Chainlink, for its part, has Integrate multiple well-known companies It has recently met its standards. the company Partner with Coinbase december and Recently added Shiba Inu.
ghostalso soared after Governance proposal recommends integrating Chainlink. With these sincerities, Ripple has also joined the ranks of Chainlink partners.
RLUSD already has strong potential to join Ripple’s major asset offerings such as XRP. The stablecoin has been live for less than a month, and Ripple is doing everything it can to build a public reputation and lay a good foundation for major usage.
Ideally, Chainlink’s standards will help stimulate its adoption and help ensure lasting market relevance.
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