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Tangible Integrates Chainlink Proof Of Reserve

Twitter icon  •  Published 7ヶ月前  •  Hassan Maishera

Chainlink announced via X (formerly Twitter) on Wednesday that Tangible, an ecosystem for tokenized real-world assets, has integrated Chainlink Proof of Reserve (PoR) on Polygon mainnet.

Chainlink announced via X (formerly Twitter) on Wednesday that Tangible, an ecosystem for tokenized real-world assets, has integrated Chainlink Proof of Reserve (PoR) on Polygon mainnet.

The Chainlink PoR will help secure Tangible’s native-yield stablecoin backed by tokenized real estate, Real USD (USDR). By leveraging Chainlink PoR as the best-in-class service for monitoring reserves, Tangible is able to help ensure that USDR is sufficiently backed by tokenized, yield-producing real estate.

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up by 5% over the past 24 hours and is trading at $7.767 at press time.

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Hassan Maishera

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.