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- 🚀 Gate Square Newbie Village · Episode 1 ✖️ @Ryakpanda Community
Let’s cheer on crypto beginners together!
📚 Learn trading tips ｜ 🎯 Unlock newbie perks ｜ 🤝 Grow with the community
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If merchandise cannot be shipped, it will be replaced with a $30 Futures Voucher
✨ You’re not alone—join #GateNewbieVillage# today! - 🌕 Gate Square · Creator Incentive Program Day 8 Topic– #XRP ETF Goes Live# !
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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas, - 🌕 Gate Square · Mid-Autumn Creator Incentive Program is Now Live!
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Ripple has agreed with the Asset Altcoin to expand its Sound Project to DeFi! - Coin Bulletin
Ripple aims to integrate the RLUSD stablecoin into DeFi applications by leveraging Chainlink's price feeds to provide reliable and decentralized financial data.
The company, which has a close relationship with Ripple and XRP Ledger (XRP) and provides enterprise-focused blockchain services, has announced that it will leverage data provider Chainlink's (LINK) services to integrate its RLUSD stablecoin more effectively with decentralized finance (DeFi) applications.
Today, this new feature that is being activated on the Ethereum blockchain will allow developers to integrate RLUSD into DeFi protocols. Thanks to this integration, the token can be used for trading, lending, and other financial activities.
Ripple and Chainlink complement each other
Last month, Ripple released its RLUSD stablecoin, supported by the US dollar, on the Ethereum and XRP Ledger networks, reaching a wide range of users. Currently, the market value of RLUSD is $72 million.
By adopting the Chainlink standard, Ripple aims to facilitate faster adoption of RLUSD in DeFi applications and increase its appeal as a secure and low-cost solution for cross-border payments.
DeFi applications require reliable price data to manage risks associated with stablecoin usage. The infrastructure of Chainlink fills this gap by facilitating transaction volumes of over 18 trillion dollars according to the protocol. Please provide the text to be translated.
Aiming for Flawless DeFi
Ripple's senior vice president of the stablecoin department, Jack McDonald, said in an interview with CoinDesk, "Providing seamless functionality within DeFi shows that RLUSD is well positioned to support the growing use cases in decentralized financial systems."
Additionally, it emphasized that Chainlink provides the necessary infrastructure for price feeds to RLUSD, DeFi applications, and supplying decentralized price data. This integration will enable protocols using RLUSD to operate more reliably and transparently.