Hassan Maishera
Chainlink announced via X (formerly Twitter) on Wednesday that Chainlink Labs has established a channel partnership with Stablecoin Standard, the industry body for stablecoin issuers globally.
This partnership will support the adoption of stablecoins through education, resources, and shared initiatives. The collaboration will also help bolster Chainlink Price Feeds, CCIP, and Proof of Reserve (PoR) as industry-standard solutions for supporting secure, cross-chain, and transparent stablecoins.
Stablecoin Standard said tokenization projects can use Chainlink Price Feeds to make their stablecoin available to leading DeFi markets, CCIP to seamlessly transform their stablecoin into a cross-chain asset that can be transferred across the multi-chain ecosystem, and Proof of Reserve to prove offchain or cross-chain asset reserves and enhance transparency and security.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up by 1% over the past 24 hours and is trading at $14.537 at press time.
