Chainlink, a well-known platform that connects existing mechanisms to private and public blockchains, has recently announced a new partnership with Circle. Circle is a global financial technology platform that allows 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 stated that this partnership will help expand its enterprise by focusing on increasing the utility of stablecoins for enterprise entities. To achieve this, Circle will leverage the developer forum and services of Chainlink. The two platforms will work together to educate developers on Circle’s Smart Contract Platform and Programmable Wallets, as well as utilize Chainlink’s market-leading services, including Proof of Reserve, Data Feeds, and CCIP. This collaboration will support developers in building future-proof applications using the EURC and USDC stablecoins.
Chainlink’s price oracles have facilitated the transfer of over $1.3 trillion across six blockchains, strengthening the decentralized finance market. In a previous announcement, Chainlink announced full support for the USDC stablecoin through Chainlink CCIP, enabling secure transactions across chains. This development will bring decentralized finance to chains supported by CCTP, strengthening the development of financial services on the internet.
Sandra Persing, Circle’s VP Product Developer, expressed her excitement about this partnership and the opportunities it brings for developers to explore cutting-edge capabilities in the DeFi ecosystem. Akersh Srivastava, Head of Developer Relations at Chainlink Labs, emphasized the increasing demand for secure infrastructure and robust tools to leverage external data and achieve interoperability. This partnership aims to enhance the utility of EURC and USDC for tokenized assets.
In conclusion, the partnership between Chainlink and Circle will expand the utility of tokenized assets and support developers in building secure and innovative applications in the decentralized finance space.
