Stablecoin Standard and Chainlink Labs Establish Channel Partnership To Support Stablecoin Adoption
We’re excited to announce that Stablecoin Standard, the industry body for stablecoin issuers, has established a channel partnership with Chainlink Labs, developers of the industry-standard decentralised computing platform Chainlink. This partnership will support the adoption of stablecoins through education, resources, and shared initiatives.
How Stablecoin Standard Supports the Stablecoin Ecosystem
Stablecoin Standard is the industry body for stablecoin issuers globally. Founded in 2022, the Stablecoin Standard was created to give the industry a shared voice and engage with external stakeholders to promote the acceptance of stablecoins through education, resources, shared initiatives, and the StableCheck™️ scheme. Through the organisation, stablecoin issuers can share best practices with each other and leverage their shared knowledge and positions to create standards for stablecoin issuers.
How Chainlink Helps Accelerate Stablecoin Adoption
This partnership supports the adoption of stablecoins and helps bolster Chainlink Price Feeds, CCIP, and Proof of Reserve (PoR) as industry-standard solutions for supporting secure, cross-chain, and transparent stablecoins. Tokenization projects can use Chainlink Price Feeds to make their stablecoin available to leading DeFi markets, CCIP to seamlessly transform their stablecoin into a cross-chain asset that can be transferred across the multi-chain ecosystem, and Proof of Reserve to prove offchain or cross-chain asset reserves and enhance transparency and security.
With the most widely adopted proof of reserve solution, $9T+ of transaction value enabled through a vast ecosystem of integrated projects, and the only cross-chain interoperability solution that can provide level-5 security, the Chainlink decentralized computing platform enables stablecoin projects to seamlessly scale through a single integration and help accelerate the mass adoption of tokenized assets.
“The rapid increase in stablecoin adoption has proven the market demand for tokenized assets. This channel partnership with Chainlink Labs will help us support stablecoin adoption and establish best practices for stablecoin issuers through the use of industry-standard Chainlink services.”—Christian Walker, Co-Founder, Stablecoin Standard.
About Chainlink
Chainlink is the industry-standard decentralised computing platform powering the verifiable web. Chainlink has enabled over $9 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.
About Stablecoin Standard
Stablecoin Standard is the industry body for stablecoin issuers globally, currently representing 17 currencies from 17 issuers and growing. Stablecoin Standard has 3 main business functions, including business development & best practice sharing, the issuer’s standards themselves, and engagement with policymakers on the topic of stablecoin regulation.