фото показано с : invezz.com

Chainlink and stablecoin issuer Circle are partnering to help expand the use of stablecoin across enterprise institutions, according to a press release published May 30.

The partnership will enhance the utility of tokenized assets, with developers and businesses tapping into Chainlink industry-standard services and Circle’s USDC and EURC stablecoins.

Chainlink and Circle plan to boost developers by collaborating on an educational program.

The focus will be on Circle’s Programmable Web Wallets and Smart Contract Platform as well as Chainlink’s Cross-Chain Interoperability Protocol (CCIP), Data Feeds, and Proof of Reserve.

Together, the two companies will help developers using Circle’s stablecoins to build future-proof applications.

“Chainlink’s integration of Circle’s stablecoin developer technology will empower innovators building Internet-native financial services,” Circle’s VP of Product, Developer and Ecosystem Marketing, Sandra Persing, said.

According to Persing, the developer community has massive opportunities amid the rapid ecosystem growth. The partnership with Chainlink provides another chance for them to unlock further adoption of the DeFi ecosystem.

Akersh Srivastava, the head of developer relations at Chainlink Labs noted that there’s increased interest in tokenization from financial institutions.

This growth has the tokenized assets market as a key sector and developers require robust tools that can boost this growth. That means access to secure infrastructure that allows them to tap into external data and proof of reserves. Interoperability is another major capability.

“We’re excited to partner with Circle to boost USDC and EURC utility through Chainlink services which are critical throughout the entire tokenized asset lifecycle,” Srivastava noted.

Chainlink continues to cement its status as crypto industry’s leading decentralised oracle network, and its partnership with Circle will only add to this outlook.

The platform’s price oracles has since 2021 enabled transactions worth over $1.3 trillion in USDC for the DeFi market. These transactions have empowered DeFi users across six blockchains.

In a groundbreaking integration earlier this year, Chainlink added support for USDC via its CCIP, providing for highly secure cross-chain stablecoin transfers. With this, the platforms are able to bring DeFi to cross-chain transfer protocol (CCTP)-supported chains.

Circle on its part recently launched in Brazil, revealing plans to catalyse fintech innovation and adoption via USDC.

The stablecoin is the second-largest USD-pegged token in the market, currently with a circulation of $32 billion.

The post Chainlink and Circle partner to enhance stablecoin utility for institutions appeared first on Invezz

185 +