Hassan Maishera
Chainlink announced via X on Monday that it has partnered with SOOHO.IO to drive stablecoin FX innovation in Korea. SOOHO has launched Project Namsan, a consortium initiative to pioneer the Korean won stablecoin ecosystem, with Chainlink joining as a key technical partner.
Powered by the Chainlink Cross-Chain Interoperability Protocol (CCIP), the Namsan network is connected to multiple public and private blockchains, while Chainlink Proof of Reserve supplies continuous verification of stablecoin reserves.
By leveraging Chainlink solutions, SOOHO wants to ensure that KRW vouchers are issued only after stablecoin settlement is validated, establishing a Delivery-vs-Payment (DvP) model that creates a transparent and reliable FX process.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down 8.7% over the past 24 hours and is trading at $21.28 at press time.
