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PoundToken Integrates Chainlink Proof Of Reserve

Share on X icon · Published 3 years ago on October 7, 2022 · Hassan Maishera

The Chainlink team announced via Twitter on Thursday that PoudToken, a GBP stablecoin, has integrated the Chainlink Proof of Reserve (PoR).

PoundToken Integrates Chainlink Proof Of Reserve

The Chainlink team announced via Twitter on Thursday that PoudToken, a GBP stablecoin, has integrated the Chainlink Proof of Reserve (PoR). The integration will enable the real-time visibility of the reserves of GBPT, PoundToken’s fully backed GBP stablecoin regulated in the British Isles. In addition, Chainlink PoR will be used to help secure the minting function of GBPT.

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down by more than 1% over the past 24 hours and is trading at $7.726 at press time.

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Author

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Hassan Maishera
Hassan Maishera Senior Reporter

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.

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