Ripple Partners with Chainlink to Advance RLUSD Integration in DeFi

January 7, 2025:
Ripple has adopted Chainlink's standard to provide reliable on-chain pricing data for its RLUSD stablecoin. This collaboration aims to streamline the integration of RLUSD into decentralized finance (DeFi) applications, enhancing its functionality and adoption across the DeFi ecosystem.
December 16, 2024:
Ripple Confirms Launch of USD-Backed Stablecoin - Ripple USD (RLUSD) on December 17, 2024.
December 10, 2024:
Brad Garlinghouse, CEO of Ripple, announced on X that Ripple has received final approval from the New York Department of Financial Services (NYDFS) for $RLUSD.
Exchange and partner listings are expected to go live soon!
Older news:
Ripple, a leading blockchain company, is poised to launch its highly anticipated stablecoin, RLUSD, on December 4. Designed to maintain a 1:1 peg with the U.S. dollar, RLUSD is fully backed by U.S. dollar deposits, ensuring both stability and trust for users.
Stablecoins like RLUSD are increasingly pivotal in the financial ecosystem, bridging traditional banking systems with the dynamic world of blockchain. Ripple aims to leverage its robust infrastructure and partnerships to establish RLUSD as a reliable digital dollar alternative.
The launch is subject to regulatory approval, reflecting the growing scrutiny in the crypto industry. If approved, RLUSD could play a crucial role in cross-border payments, decentralized finance (DeFi), and broader digital payment solutions, aligning with Ripple’s vision of transforming global finance.
This development marks another milestone in Ripple's journey, as the company continues to innovate at the intersection of blockchain and traditional finance.
Regarding its compatibility with the ISO 20022 ecosystem, Ripple has been actively involved in the migration to this global standard, being the first blockchain-focused company to join the ISO 20022 Standards Body.
This positions RLUSD well within the framework, as Ripple's broader strategy includes aligning with ISO 20022 to improve interoperability and enable seamless cross-border payments through its technologies.