Ripple-Chainlink Partnership Brings Price Feeds to RLUSD Platform
by Oliver Dale · BlockonomiTLDR
- Ripple partners with Chainlink to provide price data feeds for RLUSD stablecoin
- RLUSD launched in December with NYDFS approval, currently at $77M market cap
- Integration enables real-time, tamper-proof pricing for DeFi applications
- RLUSD operates on both XRP Ledger and Ethereum networks
- Major platforms like Aave already incorporating RLUSD using Chainlink feeds
The partnership between Ripple and Chainlink marks a new development in the stablecoin sector, as Ripple moves to enhance its RLUSD stablecoin with reliable price data feeds. The collaboration, announced on January 7, 2025, aims to strengthen RLUSD’s position in the growing decentralized finance (DeFi) ecosystem.
RLUSD, which launched in December 2024 after receiving approval from the New York Department of Financial Services (NYDFS), currently maintains a market capitalization of $77 million. The stablecoin operates across both the XRP Ledger and Ethereum networks, providing users with flexibility in their transactions.
The integration with Chainlink brings secure and verifiable price feeds directly to the Ethereum network, where many DeFi applications operate. This addition addresses a crucial need in DeFi platforms, which require access to accurate, real-time pricing data for various financial operations.
Through Chainlink’s Price Feeds, RLUSD now receives volume-weighted price data from multiple sources, both on-chain and off-chain. This comprehensive data collection approach helps ensure accuracy and reliability in pricing information.
Jack McDonald, SVP of Stablecoin at Ripple, explained the rationale behind choosing Chainlink:
“By leveraging the Chainlink standard, we bring trusted data onchain, further strengthening RLUSD’s utility across both institutional and decentralized applications.”
The partnership appears to be yielding early results, with major DeFi protocols already taking notice. According to Chainlink community liaison officer Zach Rynes, Aave, a leading DeFi lending platform, has begun incorporating RLUSD into its ecosystem using these Chainlink-powered data feeds.
Johann Eid, Chief Business Officer at Chainlink Labs, commented on the broader implications:
“The adoption of tokenized assets such as stablecoins will continue to accelerate in the coming years and having access to critical onchain data will accelerate the process.”
Chainlink’s technology has established itself as a reliable infrastructure provider in the blockchain space, supporting trillions of dollars in transaction value globally. The company has secured partnerships with various crypto projects, including the Coinbase-backed Base network.
Traditional financial institutions have also shown interest in Chainlink’s services. ANZ, a major banking organization, has partnered with the network to enhance its operations, demonstrating the growing acceptance of blockchain technology in mainstream finance.
The implementation of Chainlink’s price feeds makes RLUSD more accessible to developers building DeFi applications. These feeds provide the necessary infrastructure for various financial operations, including trading and lending services.
For users of RLUSD, the integration means increased reliability in price data, which is essential for making informed financial decisions. The tamper-proof nature of Chainlink’s feeds adds an extra layer of security to transactions involving the stablecoin.
The technical infrastructure supporting RLUSD now includes multiple data sources, helping to ensure that the stablecoin maintains its dollar peg through accurate price information. This multi-source approach helps protect against potential market manipulation or data inaccuracies.
DeFi platforms can now integrate RLUSD more easily into their services, knowing they have access to reliable price data through the Chainlink network. This accessibility could help expand the stablecoin’s usage across various blockchain applications.
The partnership reflects the growing sophistication of the stablecoin market, as providers work to create more robust and reliable digital assets. RLUSD’s dual-network presence on both XRP Ledger and Ethereum, combined with Chainlink’s price feeds, positions it to serve a wide range of users and applications.
The latest data shows RLUSD maintaining steady growth since its December launch, with its current market capitalization of $77 million representing the stablecoin’s adoption across both networks.