Ripple's enterprise stablecoin, RLUSD, is getting a boost through Chainlink's battle-tested oracle network as the company aims to bring RLUSD into DeFi.

Having facilitated more than $18 trillion in transaction value across institutional markets, Chainlink's partnership with Ripple will enable decentralized applications to access their price feeds, expanding the use of Ripple's stablecoin for trading, lending, and other financial services.

This move can position RLUSD To compete in the growing institutional DeFi sector, where reliable price quotes and robust infrastructure are essential for widespread adoption.

“As RLUSD expands across DeFi ecosystems, reliable and transparent pricing is essential to maintaining stability and building confidence in its utility within decentralized markets,” said Jack MacDonald, senior vice president of Stablecoin at Ripple, in a joint statement with RLUSD. Decryption.

The integration addresses a critical barrier to institutional DeFi adoption – the need for high-quality, tamper-resistant price data.

Chainlink's infrastructure sources pricing information from hundreds of exchanges, weighted by volume and filtered for manipulation attempts.

Johan Eid, chief business officer at Chainlink Labs, said in a statement that the adoption of stablecoins will continue “to accelerate in the coming years.” Eid claims that “access to critical data on-chain” would speed up this process

I set off Amid rising XRP prices In December last year, RLUSD was running on both the XRP Ledger and the Ethereum blockchain, designed to maintain a 1:1 value with the US dollar.

Ripple claims that the stablecoin's architecture emphasizes enterprise compliance while enabling composability, which refers to its ability to connect to and build upon other decentralized applications.

Meanwhile, Chainlink's reputation system provides on-chain monitoring tools that allow users to independently verify the performance of node operators and oracle networks, a key consideration for enterprise risk management.

Modified by Sebastian Sinclair