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Reading: Chainlink (LINK) and its historical partner, a great development for LINK Coin
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EdaFace Newsfeed > Latest News > Altcoin News > Chainlink (LINK) and its historical partner, a great development for LINK Coin
Altcoin News

Chainlink (LINK) and its historical partner, a great development for LINK Coin

vitalclick
Last updated: May 17, 2025 1:08 am
3 hours ago
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Developed by World Liberty Financial and presented as indexed to the US Dollar, USD1 Stablecoini, Chainlink $16.47With its Cross-Chain Interoperability Protocol (CCIP) integrated, it can now be used between different networks. This development was announced to the public with the announcements made by the relevant companies. In particular, the World Liberty Financial team shared the new Cross Chain functionality at Consensus 2025, the son of Chainlink’s founding partner Sergey Nazarov and US President Donald Trump.

USD1 Stablecoin and ChainLinkChainlink (LINK)

USD1 Stablecoin and ChainLink

The USD1 Stablecoini, which was launched with the support of the Trump family and designed as US dollar secured, has grown since its release. However, the USD1 is still behind industry leaders Tether and Circle’s stablecoins. Tether’s market value is $ 151 billion and Circle is at 60.6 billion dollars. The market value of USD1 is $ 2.12 billion.

The value of the USD1 is supported by short -term US bonds and Fiat reserves held at Bitgo Trust. This structure is parallel to industrial standards in terms of asset support. But USD1 has been operating on a single network so far.

With the new CCIP integration, the USD1 Stablecoini has become freely portable between different blockchain networks. This integration is the first Ethereum $2,631.28 and BNB Chain is being commissioned, and it is planned to integrate more networks in the near future. This move is of course great for Chainlink, and the support of LINK Coin’s team in the project, which was initiated with the support of Trump, emphasizes its long -term growth potential. Chainlink offers infrastructure services to many brands from banks to large financial companies. They had a similar cooperation with JPM.

In the past, the security vulnerabilities on Cross Chain bridges, users lost about $ 3 billion. Therefore, it is emphasized that the new integration is both safety and functionality.

Zach Witkoff, Founding Partner of World Liberty Financial: “Chainlink’s self -proven infrastructure offers institutional security to deliver USD1 to millions of users.”

Chainlink (LINK)

According to the statements of institutions, this new function of Chainlink aims to create a bridge between traditional financial systems and decentralized finance. Zak Folkman, one of the founding partners of World Liberty Financial, emphasized that the two financial worlds will gradually unite and that this integration will constitute the future of finance.

Zak Folkman, World Liberty Financial Founding Partner: “Chainlink is critical in combining traditional finance and decentralized finance. We believe that in a short time we believe that these two areas will be united.

The cooperation is also the continuation of an integration that previously started with the use of Chainlink’s price data in the spread of the Aave V3 platform by World Liberty.

World Liberty Financial’s USD1 Stablecoini has the opportunity to reach more users and platforms thanks to the cross -chain compatibility with Chainlink. Companies share the view that such integrations will bring transparency, security and functionality to the market. The sector is trying to support the growth of stablecoins with the ease of security measures and the ease of transition between nets. Chainlink’s technical infrastructure plays a role in safe transfer of digital assets among different blocks of blocks, while new stablecoins such as USD1 can accelerate the spread of a wider audience.

Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.

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