As a company that has a close relationship with XRP Ledger (XRP) and provides an enterprise-focused blockchain service, Ripple aims for a stronger integration with decentralized finance (DeFi) applications.

By leveraging the data provider Chainlink (LINK), the company aims to enable the RLUSD stablecoin to be used more effectively in DeFi protocols.

This integration makes it possible for developers to integrate RLUSD into DeFi protocols for trading, lending and other financial activities, thanks to the new feature launched today on the Ethereum blockchain.

The RLUSD stablecoin is a token launched by Ripple on the Ethereum and XRP Ledger networks and currently has a market cap of $72 million, according to CoinGecko data.

By adopting Chainlink’s infrastructure, Ripple aims to accelerate the use of RLUSD in decentralized finance. DeFi applications in particular need reliable price data to determine the value of stablecoins.

Chainlink fills this gap and integrates with blockchains such as Ethereum, providing accurate and transparent price data to DeFi applications. Chainlink’s infrastructure has facilitated more than $18 trillion in transaction value to date.

The price data provided by Chainlink is extremely critical for DeFi applications because this data is necessary to ensure the stability of stablecoins. This is especially important for RLUSD.

Jack McDonald, senior vice president of Ripple’s stablecoin department, highlighted the potential of RLUSD, saying, “By providing seamless functionality in DeFi, RLUSD is well positioned to support a growing range of use cases in decentralized finance systems.”

Accurate and reliable price information is needed for RLUSD to operate successfully. To meet this need, Chainlink constantly updates price feeds, providing accurate, transparent and decentralized price data to DeFi applications.

Thanks to this collaboration with Chainlink, Ripple expects RLUSD to appeal to a much wider user base. Ripple’s aim is not to keep RLUSD limited to DeFi applications only, but also to expand the use of stablecoin in traditional financial areas such as secure and low-cost cross-border payments.

This move by Ripple is one of the clearest indicators of how blockchain technology can revolutionize financial systems in the future. Nowadays, the field of blockchain technology and decentralized finance is growing rapidly.

While DeFi promises to eliminate users’ dependence on traditional financial institutions, stablecoins play an important role in these digital financial ecosystems. Chainlink’s price feeds can enable stablecoins to be traded securely in DeFi applications while also accelerating the adoption of tokens like RLUSD.

This collaboration between Ripple and Chainlink is seen as a big step for the future of RLUSD. Ripple’s aim is to establish a more robust structure in DeFi systems, to spread RLUSD to a wider usage area and at the same time to ensure its global acceptance.

This process will further increase the importance of cooperation between Ripple and Chainlink for DeFi applications, secure payments and other financial transactions.