Ripple Taps Chainlink to Boost RLUSD Adoption in DeFi
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.
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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.
Ripple's RLUSD stablecoin gets a boost as Chainlink's price feeds enable secure, real-time DeFi transactions on Ethereum and the XRP Ledger.
Ripple's integration with Chainlink could significantly enhance RLUSD's role in DeFi, potentially boosting stablecoin adoption and trust. The post Ripple taps Chainlink to boost RLUSD utility and DeFi access appeared first on Crypto Briefing.
Ripple is integrating the Chainlink Standard to help bring its new RLUSD stablecoin on-chain. This partnership comes with a few key features, most importantly integrating live price data into RLUSD's blockchain.
A crypto user lost $520,000 worth of Chainlink tokens through a fake bridge scam, adding to the $494 million lost to similar scams in 2024 as attackers continue to evolve their tactics across multiple platforms.
A crypto holder lost more than half a million dollars after signing a malicious transaction on a fake cross-chain bridge. Web3 security platform Scam Sniffer reported the incident on Jan.
Chainlink (LINK) has caught the crypto world's attention with a robust 18% rally over just three days. This price spike comes as the token rebounded from a key support level near $19, signaling renewed strength despite broader market challenges.
Chainlink (LINK) has remained on the investors' radar over the past week following impressive price actions. The decentralized Oracle token soared 21.78% from $19.74 on January 1 to today's $24.04. LINK displays solid momentum as it rebounded from a crucial support barrier around the $19 mark, suggesting potential extended gains.
Chainlink surges by over 18% in the last three days as the token whales makes moves.
LINK, the native token of Chainlink, appears to be gaining attention from crypto enthusiasts as its price shows signs of recovery following a significant decline in December 2024. On January 5, 2025, a prominent crypto expert posted on X (formerly Twitter) that whales have purchased over 1.40 million LINK tokens in the past four days.
SUI's recent market performances have placed it in an interesting position right now.
Chainlink price declined 3% to hit $23 Saturday having failed to breach the $25 resistance. On-chain data shows active selling activity among LINK institutional holders.
Chainlink (LINK), a vital player in connecting blockchain smart contracts with real-world data, has caught the attention of traders and investors alike. As LINK consolidates around a critical support level of $22.54, market analysts are closely monitoring signals that could dictate the cryptocurrency's next big price movement.
Chainlink shows promise with rising Open Interest, bullish sentiment on the Greed and Fear Index, and solid support, signaling potential breakout.
Chainlink (LINK) has shown impressive price action recently, surging by over 8% in just 24 hours. This significant increase has been accompanied by a dramatic rise in trading volume, which has more than doubled to surpass $1 billion.
