Ripple has announced it will integrate Chainlink's pricing services to enhance the utility of its U.S. dollar stablecoin, Ripple USD (RLUSD), within decentralized finance (DeFi) applications. Launched last month on the Ethereum and XRP Ledger networks, RLUSD currently has a market capitalization of $72 million. The integration aims to facilitate seamless trading, lending, and other financial activities by providing reliable pricing data, which is essential in managing the risks associated with using stablecoins in DeFi. Jack McDonald, senior vice president of stablecoin at Ripple, stated that this partnership with Chainlink is designed to ensure accurate and decentralized pricing information for DeFi applications, ultimately broadening RLUSD’s applicability and appeal for secured, low-cost cross-border payments. By adopting Chainlink’s standard, Ripple hopes to accelerate the adoption of RLUSD across the DeFi landscape, ensuring transparency and reliability in financial activities.

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