Chainlink Teams Up with Circle to Boost DeFi Opportunities for Developers and Businesses
In Brief
In a significant partnership, Chainlink works with Circle to promote the adoption of USDC and EURC by developers, utilizing Chainlink’s technological strengths and Circle’s innovative platform.
Decentralized computing platform Chainlink unveiled a new partnership with Circle As a leader in financial technology, Circle is renowned for its stablecoins such as USDC and EURC. This collaboration seeks to extend the application range of these stablecoins within corporate sectors.
The partnership involves both organizations joining forces to educate developers about Circle’s Programmable Wallets and Smart Contract Platform, in addition to Chainlink’s cross-chain interoperability protocol (CCIP), Data Feeds, and Proof of Reserve functionalities. This initiative is designed to empower developers to leverage USDC and EURC in crafting future-proof applications.
Circle’s platform enables businesses around the globe to harness digital currencies and utilize public blockchain technologies across various industries. It is the brainchild behind USDC, a stablecoin pegged to the US dollar, and EURC, a euro-backed stablecoin, both of which are recognized for their high liquidity and compatibility as financial instruments.
By leveraging its adaptable and programmable platform along with robust APIs, Circle simplifies the operations of organizations. This allows enterprises to easily facilitate international payments, create globally accessible Web3 applications, and manage their treasury functions effectively.
Chainlink Powers an Impressive $1.3 Trillion in USDC Transaction Activity While Expanding Cross-Chain Transfer Capabilities
Chainlink serves as a cryptocurrency designed to motivate a global network of computers to deliver trustworthy, real-world data for smart contracts on blockchain platforms. Through its sophisticated price oracles, Chainlink has processed over $1.3 trillion in transaction volume across six different blockchains in just two and a half years, significantly bolstering the decentralized finance (DeFi) sector. USDC Earlier this year, Chainlink revealed its full support for USDC via its Chainlink CCIP, facilitating secure transfers across different blockchains and further entrenching DeFi into those supported by CCTP.
Recently, Chainlink formed a partnership with Rapid Addition, a specialist in financial information exchange solutions, to develop a
custom solution tailored for institutional digital asset transactions. This adapter will integrate with the Chainlink CCIP, a protocol facilitating various applications including token transfers, gaming, and DeFi. FIX native adapter It is important to note that the information on this page is for informational purposes only and should not be construed as legal, investment, financial, or any other type of advice. Always invest responsibly and consult a financial advisor if needed. For additional information, please refer to the terms and conditions and the support resources provided by the issuer or advertiser. MetaversePost strives for accuracy and impartiality in its reporting, but market dynamics can shift unexpectedly.
Disclaimer
In line with the Trust Project guidelines Alisa, a passionate journalist at MetaversePost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the vast universe of Web3. With an astute sense for emerging trends and innovations, she offers in-depth insights that engage and educate readers in the rapidly changing world of digital finance.
