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Iggy Azalea NOT DUMPING NICK YOUNG 'We're Good'

4/8/2016 6:49 AM PDT

Iggy Azalea -- NOT DUMPING NICK YOUNG ... 'We're Good' (VIDEO)

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Seems Nick Young dodged a bullet -- with his fiancee Iggy Azalea publicly stating the two are "good" ... after that whole D'Angelo Russell video fiasco. 

Iggy appeared on "Ellen" sporting her massive engagement ring on her finger -- and was essentially asked if she's still with Nick after Russell videotaped him apparently admitting to cheating

"We're good," Iggy said ... adding that there's NO controversy at home, just on the Internet. 

The entire interview is actually pretty good ... with Iggy also talking about her plastic surgery regrets and the issues that come with being a white rapper. 

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