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Chainlink Proof of Reserve Is Now Live on StabIR

Twitter icon  •  Published il y a 5 mois  •  Hassan Maishera

Chainlink announced via X (formerly Twitter) on Wednesday that StablR has integrated Chainlink Proof of Reserve (PoR) on Ethereum to help enhance the transparency of EURR—StablR’s fully collateralized, euro-backed stablecoin.

Chainlink announced via X (formerly Twitter) on Wednesday that StablR has integrated Chainlink Proof of Reserve (PoR) on Ethereum to help enhance the transparency of EURR—StablR’s fully collateralized, euro-backed stablecoin.

With this integration, StabIR users can now check whether the total supply of StablR Euro plus any newly minted amount exceeds the total amount of Euros held in reserve. This latest development helps ensure boost community confidence that StablR Euro supply does not exceed the amount of collateral backing it. Chainlink PoR helps give users unmatched transparency into the collateral backing StablR Euro, which can be monitored in near real-time, the team added. 

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up by 8% over the past 24 hours and is trading at $14.542 at press time.

 

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.