Ripple partners with the decentralized oracle network Chainlink to support the stablecoin RLUSD
ChainCatcher news, according to Cointelegraph, the blockchain-based payment protocol Ripple has partnered with the decentralized oracle network Chainlink to enhance the adoption and utility of its Ripple USD (RLUSD) stablecoin in decentralized finance (DeFi) applications.
Chainlink will provide price information for RLUSD on the Ethereum and XRP ledgers, aiming to support cost-effective transactions and DeFi use cases for enterprise-grade stablecoins. RLUSD is pegged to the US dollar and will receive tamper-proof accurate data through Chainlink's decentralized nodes. The integration aims to reduce the risk of manipulation or downtime.
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
