fbevents
로고와 STAT 라이브

Ripple Partners with Chainlink (LINK) to Enhance RLUSD Stablecoin Utility

Source
Minseung Kang
공유하기
  • Ripple announced that it will enhance the utility of RLUSD through a partnership with Chainlink.
  • Chainlink stated that through its collaboration with Ripple, it will provide real-time RLUSD price data to maintain its market value at $1.
  • This is expected to enhance the safety and reliability of RLUSD in DeFi and dApps, attracting the attention of investors.
STAT AI Notice
  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

Image = Ripple LabsImage = Ripple Labs

Ripple announced a partnership with the decentralized oracle project Chainlink (LINK).

According to Cointelegraph, a cryptocurrency media outlet, Ripple plans to enhance the utility of its stablecoin RLUSD through this partnership with Chainlink.

Through this collaboration, Chainlink will provide real-time RLUSD price data to the XRP Ledger and Ethereum Blockchain via its price feed functionality.

Chainlink's price feed is designed to verify that RLUSD maintains its actual market value of $1, thereby enhancing the safety and reliability of RLUSD in decentralized finance (DeFi) and decentralized applications (dApps).

Meanwhile, an oracle refers to technology that brings data from outside the blockchain into the blockchain.

XRP
RLUSD
publisher img

Minseung KangholderBadgeholderBadge dark

minriver@bloomingbit.ioBloomingbit reporter