Ripple XRP/USD announced on Tuesday an integration with Chainlink‘s LINK/USD data provider services aimed at furthering the integration of its RLUSD stablecoin with Ethereum ETH/USD-based trading and lending platforms.
What Happened: Jack McDonald, senior vice president of stablecoin at Ripple, emphasized the importance of this integration, stating, “By enabling seamless functionality across DeFi, RLUSD is well-positioned to support a growing range of use cases in decentralized financial systems.”
He added that integrating Chainlink Price Feeds provides RLUSD with “essential infrastructure” for delivering accurate and decentralized pricing data to DeFi applications.
RLUSD was launched in December on Ethereum and the XRP Ledger and is currently trading around a market capitalization of $72 million, according to CoinGecko data.
The adoption of Chainlink’s standard is expected to accelerate RLUSD’s adoption in the DeFi space and enhance its appeal for secure, low-cost cross-border payments.
Read Also: Ripple CEO Celebrates Trump’s Crypto Influence, 75% Of New Hires In US
Why It Matters: This development comes in the wake of cautionary statements from Ripple executives regarding the stablecoin’s launch.
Ripple Labs CTO David Schwartz previously warned investors about potential price volatility during RLUSD’s initial launch, emphasizing that it is “not an opportunity to get rich” and that prices would stabilize near $1 as supply and demand equilibrate.
Despite the excitement surrounding RLUSD’s launch, its impact on XRP’s price has been muted so far.
Since RLUSD’s launch on Dec. 17, XRP has seen a slight decline of around 4%.
However, industry observers note that the structural improvements to XRP’s ecosystem, particularly the reduced volatility and enhanced liquidity that RLUSD brings, may provide more sustainable support for prices in the long term.
Read Next:
Image: Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
