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A recent survey by South Korea's News1 has revealed that Bitcoin (BTC) continues to reign as the top cryptocurrency for domestic investors, while Ripple (XRP) has surpassed Ethereum (ETH) to claim the second spot.
Ripple has adopted the Chainlink standard to obtain high-quality pricing data on the Ethereum blockchain, according to a Tuesday announcement.
Veteran trader Peter Brandt has projected that XRP could reach a market capitalization of $500 billion within the next six weeks, contingent upon a significant price breakout.
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.
Ripple has integrated Chainlink Price Feeds to provide accurate pricing data for RLUSD.
MicroStrategy Increases Bitcoin Holdings MicroStrategy purchased 1,070 BTC worth over $100 million, bringing its total to 447,470 BTC valued at $45 billion. Unlike previous purchases, this announcement boosted Bitcoin's price to $102,000.
The subtle rivalry between XRP and Ethereum (ETH) is now beyond just the market capitalization and ranking of both coins. A new report shows South Korean traders' shifting perception about both coins.
The global cryptocurrency market recorded a modest increase in the past 24 hours, with the market capitalization growing by 0.59% to reach $3.55 trillion. Trading activity surged as the 24-hour volume spiked by 30.16% to $127.63 billion, signaling heightened investor sentiments.
Peter Brandt, a well-respected veteran trader with over 40 years of experience in financial markets, recently shared an exciting technical forecast for XRP, signaling the potential for significant growth. Brandt, who is renowned for his charting expertise, revealed on social media that XRP could achieve a market capitalization of $500 billion if its current chart formation plays out as expected.
Chainlink will provide crucial pricing data for Ripple's U.S. dollar stablecoin on the Ethereum blockchain.
Ripple continues to make headlines, strengthening its position as a leader in the cryptocurrency space. Known for its innovative solutions and strong financial backing, the company is now making waves with its stablecoin, RLUSD.
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.
The price of the native token of the XRP Ledger has risen around 1% over the last 24-hour period, despite enduring a significant correction over the last few hours that saw it drop more than 1.5% from over $2.46 to now stand at $2.42.
XRP News: Ripple's native crypto has recorded a robust rally recently, with soaring anticipation over the pro-crypto regulatory environment in the US. This optimism has further surged with the recent comments from top attorneys and market experts, who anticipate more positive developments in the coming days.
Ripple's XRP has gained by 18% year-to-date in a rally that has seen it outperform most of the top-ten altcoins. These gains have seen XRP's market capitalization surge past $140 billion, ranking it the third largest crypto after Bitcoin (BTC) and Ethereum (ETH).
It does not appear to be a flash in the pan for Ripple (XRP) or Cardano (ADA), as these ‘dino-coins' approach breakout levels that can take them to even greater highs.
