Ripple partners with Chainlink to boost RLUSD stablecoin in DeFi markets
Ripple’s RLUSD stablecoin gets a boost as Chainlink’s price feeds enable secure, real-time DeFi transactions on Ethereum and the XRP Ledger.
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Ripple’s RLUSD stablecoin gets a boost as Chainlink’s price feeds enable secure, real-time DeFi transactions on Ethereum and the XRP Ledger.
XRP’s price action forms a classic bullish continuation structure, with a profit target of around $15.
RLUSD, a stablecoin by Ripple Labs, is pegged to the US dollar, ensuring a 1:1 value backed by cash or equivalents.
Xaman’s spike in user activity reflects a renewed interest in the XRPL ecosystem amid the ongoing XRP rally and anticipation of the RLUSD stablecoin launch.
Ripple’s RLUSD stablecoin is set for its trading debut on Dec. 17 on platforms including Uphold, MoonPay, Archax and CoinMENA, the company said.
XRP’s latest pullback forms a classic bullish continuation structure, with a profit target above $15.
One trader has set a $1,200 bid for one RLUSD, an early warning sign there could be massive volatility when Ripple’s RLUSD stablecoin launches.
According to data from CoinMarketCap, XRP has a maximum supply of 100 billion tokens, with approximately 57 billion XRP circulating.
Once RLUSD is available, Ripple plans to use both RLUSD and XRP in its cross-border payments solution.
According to data from CoinGecko, the total stablecoin market capitalization is over $196 billion as of Nov. 29.
