Chainlink announced via Twitter on Thursday that the stablecoin protocol, AngleProtocol, has integrated 25+ Chainlink Price Feeds. Angle is using Price Feeds to help calculate collateral value when users borrow agEUR using real-world assets tokenized by Backed.
Chainlink Price Feeds have been retained to help secure the use of tokenized real-world assets, such as lB01, as collateral because they provide a multitude of critical features, the Angle Protocol team added.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down by 1% over the past 24 hours and is trading at $7.856 at press time.