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.