Hassan Maishera
Chainlink announced on Thursday via X that Coinbase’s cbBTC is expanding to Robinhood Chain, powered by Chainlink CCIP as its exclusive cross-chain infrastructure.
By connecting cbBTC to Robinhood Chain, ecosystem builders now have access to a Bitcoin-backed asset with over $7.5 billion in circulation.
This expansion further unlocks lending and borrowing markets with cbBTC as collateral, cbBTC liquidity pools on Robinhood Chain DEXs, Bitcoin-denominated vaults, yield strategies, and derivatives, and value transfer between Base and Robinhood Chain bridged via CCIP.
Through the Cross-Chain Token (CCT) standard, cbBTC expands across chains as a natively interoperable token powered by CCIP.
Chainlink is powered by the LINK token, which is used to pay for platform services and secure the network’s proper functioning. Chainlink leverages a novel fee model where offchain and onchain revenue from enterprise adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve.
Chainlink is at the forefront of financial innovation and the global tokenization trend. Traditional financial institutions and infrastructure, such as SWIFT, DTCC, Euroclear, J.P. Morgan, Mastercard, the Central Bank of Brazil, UBS, SBI, Fidelity International, ANZ, and many others, are adopting Chainlink as a fundamental infrastructure as they move toward tokenizing trillions onchain. Demand for Chainlink has already generated hundreds of millions of dollars in revenue across a variety of traditional and decentralized use cases.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up 1.6% over the past 24 hours, trading at $11.73.
