tl;dr
Ripple is integrating the Chainlink Standard to bring its new RLUSD stablecoin on-chain, ensuring live price data integration and ongoing support. The partnership aims to extend utility for RLUSD, with Chainlink providing high-quality price feed data, a decentralized network, and security node opera...
Ripple has partnered with Chainlink to integrate live price data for its new RLUSD stablecoin on-chain. This collaboration comes after RLUSD's approval by New York regulators and its listing on Singapore's Independent Reserves exchange.
The partnership aims to extend utility for RLUSD, with Chainlink providing high-quality price feed data, a decentralized network, and security node operators. This move is expected to strengthen RLUSD's market relevance and build trust across institutional and decentralized applications.
Chainlink's standard offers advantages to Ripple's RLUSD, including high-quality price feed data and decentralized network services. Additionally, Chainlink's recent high-profile partnerships further validate Ripple's collaboration with the platform.
Ripple is striving to solidify RLUSD within the stablecoin market, and the partnership with Chainlink is a significant step towards achieving this goal. With these developments, Ripple is positioning RLUSD to be among its premier asset offerings like XRP.
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