Chainlink, a renowned platform that connects existing systems to both private and public blockchains, has revealed a new partnership. The platform has joined forces with Circle, a global financial technology platform that enables businesses to utilize public blockchains and digital currencies for transactions. The announcement of this collaboration was made on Circle’s official account on X.
Chainlink & Circle have come together to enhance the functionality of #TokenizedAssets. Discover how the secure services of the Chainlink platform and the tools provided by Circle can assist enterprises and DeFi developers utilizing USDC, EURC, and more.
— Chainlink (@chainlink) May 30, 2024
Circle has released an informative blog post detailing the latest venture with Chainlink. The partnership with Circle, the platform behind the issuance of EURC and USDC stablecoins, aims to expand its reach among enterprises. The platform is focused on increasing the usability of stablecoins to benefit business entities. To achieve this goal, it will utilize the developer forum and services of Chainlink.
Both platforms will collaborate to educate developers on Circle’s Smart Contract Platform and Programmable Wallets, in addition to utilizing Chainlink’s market-leading services such as Proof of Reserve, Data Feeds, and CCIP. Through these efforts, the companies aim to support developers utilizing EURC and USDC stablecoins in creating resilient applications for the future.
Chainlink’s price oracles have facilitated the transfer of over $1.3 trillion across six blockchains, strengthening the decentralized finance markets. Previously, Chainlink announced full support for the USDC stablecoin through Chainlink CCIP to enable secure transactions across different blockchains.
This development is expected to bring decentralized finance to chains supported by CCTP, empowering innovators in creating internet-native financial services. Sandra Persing, Circle’s VP of Product Development, highlighted the numerous opportunities for developers and expressed the desire to continue exploring cutting-edge capabilities to enhance 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 effective tools for utilizing external data and interoperability. The partnership with Circle is set to enhance the utility of EURC and USDC through Chainlink’s services for tokenized assets.
Tags: LINK, USDC