Hassan Maishera
On Monday, Chainlink announced via X that Deep Blue is adopting the #Chainlink standard to enhance its stablecoin issuance platform. Deep Blue is the issuer of the DBUSD stablecoin, which is dedicated to enhancing global financial inclusion through blockchain technology.
Chainlink Proof of Reserve (PoR) will provide transparency into the reserves of DBUSD, Deep Blue’s new US dollar stablecoin, accelerating its adoption by increasing users’ confidence that the stablecoin is fully backed at all times. Additionally, Deep Blue will leverage Chainlink Cross-Chain Interoperability Protocol (CCIP), the standard for blockchain interoperability, to make DBUSD easily and securely interoperable across chains.
Chainlink Network (LINK) aims to provide tamper-proof data inputs and outputs for smart contracts on any blockchain. LINK is down 2.5% over the past 24 hours, trading at $17.65.
