Decentralized finance (DeFi) ecosystem stablecoin issuer Ripple is integrating its recently launched stablecoin, RLUSD, with Chainlink price feeds.
This collaboration, announced by Ripple on Jan. 7, will see Chainlink provide high-quality pricing data for RLUSD. The integration is expected to enhance the stablecoin’s utility and accessibility across DeFi protocols.
According to the DeFi Llama rankings, the total value locked (TVL) in DeFi protocols has surpassed $40 billion, showcasing the rapid growth of the decentralized finance sector. Stablecoins, which play a crucial role in DeFi applications, are also poised to witness significant adoption.
“The adoption of tokenized assets such as stablecoins will continue to accelerate in the coming years and having access to critical onchain data will accelerate the process,” said Johann Eid, chief business officer at Chainlink Labs.
The integration will enable RLUSD to be used to power various DeFi applications, including trading, lending, and other key segments of the market. DeFi developers will be able to easily integrate RLUSD into their applications as the Chainlink standard provides a unified solution.
“As RLUSD scales across DeFi ecosystems, reliable and transparent pricing is essential to maintaining stability and building trust in its utility within decentralized markets,” said Jack McDonald, SVP, stablecoin at Ripple.
“By leveraging the Chainlink standard, we bring trusted data onchain, further strengthening RLUSD’s utility across both institutional and decentralized applications.”
Ripple launched its stablecoin, which is pegged 1:1 to the US dollar, in December 2024. The stablecoin is initially being issued on the XRP Ledger and Ethereum blockchains.
According to CoinGecko, RLUSD’s market capitalization currently stands at $53.09 million, with a 24-hour trading volume of around $21.8 million. The stablecoin’s price has remained stable at $0.99 throughout the past day.
