Ripple Integrates Chainlink Oracles For Enhanced DeFi Adoption

According to PANews, Ripple has announced the integration of Chainlink's price oracles to provide accurate data support for its USD stablecoin, RLUSD, enhancing its application in decentralized finance (DeFi). RLUSD, which was launched last month on Ethereum and the XRP Ledger, currently holds a market capitalization of $72 million. This feature is now live on Ethereum, enabling developers to integrate RLUSD into DeFi protocols for various use cases such as trading and lending. Ripple aims to leverage Chainlink's infrastructure to accelerate the adoption of RLUSD in DeFi and promote its use in secure, low-cost cross-border payments.