Circle and Chainlink have joined forces in a groundbreaking partnership to enhance developer engagement and broaden enterprise opportunities. Chainlink, a renowned platform that connects existing systems to any blockchain, announced this exciting collaboration with Circle, a global financial technology platform that enables businesses to utilize public blockchains and digital currencies for payments.
In an official statement, Chainlink highlighted the partnership with Circle as a strategic move to expand enterprise capabilities and increase the utility of stablecoins like EURC and USDC. By leveraging Chainlink’s industry-leading services and Circle’s innovative tools, both platforms aim to support enterprises and DeFi developers in utilizing stablecoins for future-proof applications.
The collaboration will involve joint efforts to educate developers on Circle’s Smart Contract Platform and Programmable Wallets, as well as integrating Chainlink’s market-leading services such as Proof of Reserve, Data Feeds, and CCIP. This combined approach will empower developers to create secure and efficient applications using EURC and USDC stablecoins across multiple blockchains.
Chainlink’s price oracles have facilitated the transfer of over $1.3 trillion across various blockchains, strengthening the decentralized finance market. The recent announcement of full support for USDC stablecoin through Chainlink CCIP further enhances secure transactions across chains, bringing decentralized finance to a wider audience.
Sandra Persing, Circle’s VP of Product Development, expressed excitement about the partnership, emphasizing the opportunities it presents for developers and the potential to explore cutting-edge capabilities within the DeFi ecosystem. Akersh Srivastava, Head of Developer Relations at Chainlink Labs, emphasized the increasing demand for secure infrastructure and robust tools to leverage tokenized assets effectively.
Overall, the partnership between Circle and Chainlink signifies a significant step towards enhancing the utility of stablecoins like EURC and USDC through innovative services and collaboration in the blockchain space.