Ripple, which is a company partner of #xrp and has been continuing RLUSD in the current weeks, announced a partnership with Chainlink. Ripple, which wants to bring its stablecoin RLUSD to the DeFi ecosystem, will now be able to use Chainlink's "oracle network" for verifiable data. Ripple also made an official statement about the company on its own website.
According to the statement, Ripple, which aims to make RLUSD available for DeFi applications for buy-sell transactions, lending and other financial services, will use Chainlink's famous "oracle network" to provide healthy prices for decentralized applications. In short, RLUSD will be integrated into this network of #LINK .
The price sections collected by the "oracle network" in the market from the exchange are collected according to the transaction volume and are tried to be realized in the most realistic way in terms of numbers. In this way, the scope of the price increase is also passed.
âReady for DeFi applicationsâ
Rippleâs official statement said that âhigh qualityâ pricing data has been introduced for on-chain pricing Ripple USD (RLUSD) and the following statements were recorded:
âRipple will leverage the Chainlink standard to have high quality systems for chain flow transactions for the Ripple USD (RLUSD) stablecoin. Chainlinkâs Price Feed System currently securely offers RLUSD on the Ethereum mainnet at the price. This allows developers to integrate RLUSD into executable decentralized finance applications such as lending and borrowing.â