Keep up with what's happening in the crypto world in real-time.
All Filters (1)
Ripple is partnering with Chainlink in an effort to enhance the adoption and utility of its RLUSD stablecoin across the decentralized finance (DeFi) ecosystem.
While American bond yields have surged this week, cryptocurrencies offer investors a good way to benefit from price movement and staking yields. With some Ethereum tokens yielding above 10%, these assets are doing better than bonds and dividend stocks.
Bitcoin (BTC) plummeted below $100,000 as the crypto markets witnessed a significant drop on Tuesday, driven by stronger-than-anticipated economic indicators that could delay Federal Reserve rate cuts. BTC was trading above $100,000 since January 6, when it reached an intraday high of $102,464.
Ripple partners with Chainlink to integrate decentralized price feeds for its RLUSD stablecoin, aiming to enhance its utility in DeFi applications on Ethereum and the XRP Ledger.
Ripple has partnered with Chainlink to enhance the adoption and functionality of its Ripple USD (RLUSD) stablecoin within decentralized finance (DeFi).
Ripple announced that it had integrated Chainlink to provide users with real-time RLUSD pricing data, enhancing the stablecoin's utility and access on DeFi. DeFi developers will also be able to integrate RLUSD support into their applications for several use cases like lending and trading.
Ripple has partnered with Chainlink to provide robust pricing data for its RLUSD stablecoin, according to a Jan. 7 statement. The integration introduces Chainlink's blockchain technology to Ripple's ecosystem, delivering secure and verifiable price feeds directly on Ethereum's network.
Chainlink's price joined other cryptocurrencies in a strong reversal as US bond yields surged to their highest levels in about two years. LINK, the biggest oracle network in crypto, fell to $21.21 on Wednesday morning, down over 31% from its highest point in December.
Ripple says it has begun leveraging the Chainlink standard, a move designed to provide “high-quality pricing data” around its Ripple USD (RLUSD) stablecoin. “By adopting the Chainlink standard for verifiable data on the Ethereum blockchain, Ripple is enhancing the utility of RLUSD across the onchain economy,” the company said in a news release Tuesday (Jan.
Ripple's RLUSD stablecoin, with a market capitalization of $72 million, integrates with DeFi applications. The RLUSD stablecoin, now available on Ethereum, is intended to support cross-border payments.
The Ripple USD (RLUSD) was recently launched and has grown to over $72 million in market cap and a 24-hour average trading volume of about $23.3 million.
TL;DR Ripple collaborates with Chainlink to integrate price feeds into its RLUSD stablecoin, improving its adoption in the DeFi market. RLUSD operates on the XRP Ledger and Ethereum, maintaining a 1:1 parity with the dollar and complying with business regulatory standards. Chainlink provides high-quality price data and resistance to manipulation.
Ripple has embraced the Chainlink standard to furnish dependable onchain pricing data for its RLUSD stablecoin, to enhance its assimilation into decentralized finance (defi) applications. Ripple Partners with Chainlink to Bolster RLUSD in Defi The RLUSD stablecoin, engineered to hold a 1:1 peg to the U.S.
Ripple has adopted the Chainlink standard to obtain high-quality pricing data on the Ethereum blockchain, according to a Tuesday announcement.
RLUSD is an enterprise-grade, USD-backed stablecoin. It combines Ripple's expertise in crypto and traditional finance to deliver trust, compliance, and real-world utility.
Ripple has integrated Chainlink's blockchain technology to provide reliable pricing data for its RLUSD stablecoin. RLUSD, a USD-backed digital currency, is designed for secure, instant payments and is supported on both the (XRP) Ledger and Ethereum (ETH) blockchains.
The stablecoin RLUSD powered by decentralized price feeds for secure and efficient transactions
In a latest development, Ripple, announced on Tuesday that it will use data provider Chainlink's (LINK) services to better integrate its RLUSD stablecoin with decentralized finance (DeFi) applications. Notably, this feature, which went live today on the Ethereum blockchain, allows developers to incorporate RLUSD into DeFi protocols for trading, lending and other activities.
Ripple (CRYPTO: XRP) announced on Tuesday an integration with Chainlink‘s (CRYPTO: LINK) data provider services aimed at furthering the integration of its RLUSD stablecoin with Ethereum (CRYPTO: ETH)-based trading and lending platforms. What Happened: Jack McDonald, senior vice president of stablecoin at Ripple, emphasized the importance of this integration, stating, “By enabling seamless functionality across DeFi, RLUSD is well-positioned to support a growing range of use cases in decentralized financial systems.
Bitcoin was also among the underperformers, dipping 1.4%.
Ripple has integrated Chainlink Price Feeds to provide accurate pricing data for RLUSD.
Chainlink will provide crucial pricing data for Ripple's U.S. dollar stablecoin on the Ethereum blockchain.
Ripple is leveraging the Chainlink standard to bring the RLUSD pricing data on-chain and to strengthen the coin's utility and access in DeFi. The post Ripple's RLUSD Adopts Chainlink Standard appeared first on Cryptonews.
Ripple wants its new stablecoin to play nice with DeFi apps, and it's bringing in Chainlink's price feeds to make that happen.
