Ripple has integrated Chainlink's blockchain technology to provide reliable pricing data for its stablecoin RLUSD.

RLUSD, a digital currency backed by the US dollar, is designed for secure and instant payments and is supported on both (XRP(Ledger and Ethereum)Ethereum) Block chains. Through this collaboration, Ripple aims to enhance the utility of RLUSD Decentralized finance Applications.

DeFi refers to blockchain-based financial services that eliminate intermediaries, such as banks. These applications rely on smart contracts – automated programs that execute transactions based on pre-defined rules.

Stablecoins Such as RLUSD They are essential for DeFi because they provide price stability by pegging them to traditional currencies such as the US dollar.

Chainlink price feeds

For RLUSD to be effective in DeFi applications, such as lending or trading, accurate pricing data is essential. This is where Chain Link (connection) enters into force. Chainlink uses a decentralized network of oracles — systems that connect blockchain applications with real-world data — to provide up-to-date, tamper-proof pricing information.

By adopting Chainlink price feeds, Ripple ensures that the value of RLUSD reflects real-world market conditions. The system aggregates data from multiple trading environments, reducing inaccuracy and reducing the risk of manipulation.

Ripple chose Chainlink because of its proven security, decentralized network, and strong reputation for reliability.

At the time of writing, Ripple's price is trading at $2.43.

There is growing optimism that the U.S. Securities and Exchange Commission He will agree Ripple Spot ETF in 2025. Firms like Bitwise, Canary Capital, 21Shares, and WisdomTree have already submitted their proposals for an XRP ETF.