As the standard for onchain finance, Chainlink has enabled over $18 trillion in transaction value. Offering a comprehensive suite of web3 services, Chainlink supports a spectrum of tokenized real-world asset (RWA) and stablecoin issuers, including DeFi protocols such as Paxos and StablR, as well as some of the world’s largest financial institutions such as ANZ and Vodafone.
Today, the leading provider of digital asset infrastructure for financial services, Ripple, announced it has adopted the Chainlink standard to bring high-quality pricing data around the Ripple USD (RLUSD) stablecoin onchain, thereby enhancing its utility and increasing its adoption throughout the multi-chain economy.
Issued on the XRP Ledger (XRPL) and Ethereum blockchains, RLUSD is an enterprise-grade USD-denominated stablecoin designed to maintain a 1:1 peg to the US dollar. With Chainlink Price Feeds now providing secure, reliable RLUSD pricing data on Ethereum mainnet, developers can integrate support for RLUSD into DeFi applications with functions such as trading and lending.
Stablecoins can improve the global financial system’s transparency and efficiency by enabling low-cost instant settlement of local and cross-border transactions. With Chainlink providing a unified standard for highly reliable decentralized price data, stablecoins like RLUSD can more quickly broaden their reach.
“We’re thrilled to be working with Ripple on accelerating the adoption of their recently launched RLUSD stablecoin through the adoption of the Chainlink standard for verifiable data,” said Johann Eid, Chief Business Officer at Chainlink Labs, in an official announcement.
“The adoption of tokenized assets such as stablecoins will continue to accelerate in the coming years and having access to critical onchain data will accelerate the process.”
“As RLUSD scales across DeFi ecosystems, reliable and transparent pricing is essential to maintaining stability and building trust in its utility within decentralized markets,” said Jack McDonald, SVP, Stablecoin at Ripple.
“By leveraging the Chainlink standard, we bring trusted data onchain, further strengthening RLUSD’s utility across both institutional and decentralized applications.”