The Chainlink team announced via Twitter on Thursday that the DeFi platform StabIR has integrated the Chainlink Proof of Reserve on the Ethereum mainnet. The integration is designed to help secure the minting of StablR Euro (EURR), StabIR’s fully collateralized Euro-backed stablecoin.
With this integration of Chainlink’s trust-minimized infrastructure, StablR Euro users can feel confident that they have an accurate, highly available, and transparent source of information regarding the reserves backing StablR Euro.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up by more than 1% over the past 24 hours and is trading at $6.787 at press time.