Chainlink, a renowned platform that connects existing mechanisms to both private and public blockchains, has recently announced a new partnership with Circle. Circle is a global financial technology platform that enables businesses to utilize public blockchains and digital currencies for payments. The collaboration between the two companies aims to expand the utility of tokenized assets.
In a blog post, Circle detailed the collaboration and highlighted that it focuses on increasing the enterprise potential of stablecoins, specifically the EURC and USDC stablecoins that Circle is responsible for issuing. The platform plans to leverage Chainlink’s services and developer forum to achieve this goal.
Both Chainlink and Circle will work together to educate developers on Circle’s Smart Contract Platform and Programmable Wallets, while also utilizing Chainlink’s market-leading services such as Proof of Reserve, Data Feeds, and CCIP. These services will support developers in creating future-proof applications using EURC and USDC stablecoins.
Chainlink’s price oracles have already facilitated the transfer of over $1.3 trillion across six different blockchains, strengthening decentralized finance markets. Additionally, Chainlink previously announced full support for the USDC stablecoin through Chainlink CCIP, enabling secure transactions across chains.
This development aims to bring decentralized finance to chains supported by CCTP, further empowering innovators in developing financial services native to the internet. Sandra Persing, Circle’s VP Product Developer, expressed enthusiasm about the partnership and highlighted the numerous opportunities available to developers. She also mentioned the intention to continue collaborating to explore cutting-edge capabilities that will benefit the DeFi ecosystem.
Akersh Srivastava, Head of Developer Relations at Chainlink Labs, emphasized the increasing interest in tokenized assets and the need for secure infrastructure and robust tools to leverage external data and interoperability. He believes that this partnership will enhance the utility of EURC and USDC through Chainlink’s services for tokenized assets.
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