Chainlink founder: A wave of new stable coins will use the link infrastructure
- Chainlink uses a uniform reference system for financial reserves, the crosschain connectivity and the Onchain-compliance for stablecoins.
- The upcoming new US stable regulations will increase global demand for a transparent, interoperable infrastructure such as that of Chainlink.
Stablecoin regulation in the USA will be expected to trigger a global wave of new digital currencies. Sergey Nazarov, co-founder of Chainlink, says that this change requires transparent protection, crisschain compatibility and compliance with regulations.
Chainlink is able to meet all of these requirements in a single system. The platform offers real-time reserves, cross-chain interoperability and identity tools that are tailored to compliance with stablecoin regulations.
Reserve detection and crosschain functions are mandatory
According to Nazarov, the stable coins of the future will be more than just confidence in the good reputation or branding. He said that the real-time verification of stable coin support-the proof of the reserves-will be essential. In addition, the ability to work over various blockchain networks is becoming increasingly important because the interoperability of assets becomes standard.
Nazarov explained that Chainlink The only infrastructure is currently that offers both the evidence of the reserves and the crosschain connectivity in an integrated framework. This double functionality supports stable coin emitters in preparing for a more competitive and strict regulated environment.
He added that regulatory pressure from the United States will increase the expectations of stable coins worldwide. New tokens must offer full support from the start and interact with various ecosystems.
The infrastructure of Chainlink is designed in such a way that it fulfills these criteria and stable coins through the cross-chain interoperability protocol ccip enables a smooth change between the chains.
As CNF reportedthe takeover of Chainlink’s price data standard by Ripple reflects this growing trust in link-based services for his RLUSD stable. Nazarov emphasized that this type of integration indicates that Chainlink will be the underlying data and communication layer for future stable coins.
Compliance and identity determine the next stage of stablecoin development
Since the supervisory authorities focus on digital identity and compliance mechanisms, stable coins will have to correspond to the on-chain transparency standards. Nazarov said that Chainlink is developing solutions that help issuers meet these upcoming requirements.
The architecture by chainlink is expanded to support the on-chain identity review and compliance with the legal regulations. These tools aim to reduce friction losses during exams and financial reports while working within decentralized systems at the same time.
He noted that Chainlink with reserves, cross-chain operations and compliance will be the only end-to-end platform in a system that can support regulated stable coins on a large scale.
The participation of Chainlink in the E-HKD pilot project of the Hong Kong Monetary Authority and the partnerships with Visa and Fidelity show that the company is willing to operate institutional applications.
With this complete offer is positioned Chainlink as an infrastructure, which not only supports the issue of stable coins, but also meets the worldwide-developing wider compliance framework conditions. According to Nazarov, it is this integrated approach that will make the link to the preferred system for upcoming global stable coins.
CR and CCIP simplify the provision for developers and institutions
Nazarov emphasized that Link’s approach focuses on user -friendliness for developers and financial institutions. Using the Chainlink Runtime Environment (CRE), users can configure and manage all infrastructure services that enable the detection of reserves, crisschain movements and compliance with regulations.
Since blockchain applications are becoming more and more data intensive and complex, developers need systems that reduce the friction losses in integration, he said. Chainlink is developed with a view to this need and offers an infrastructure that consolidates different services under a uniform code base.
The CCIP protocol is of central importance for this goal. It offers safe interoperability between blockchains, so that stable coins and tokenized assets can be operated across networks. This ability is essential for use in global finance and applications that require liquidity mobility.
Nazarov announced that Chainlink recently has made it possible to replace a digital currency of the Hong Kong Central Bank (CBDC) with a stable coin in Australian dollars. This cross-border pilot project illustrated the benefits of Chainlink for real-time handling and FX functions between digital assets.
The market data show an increased interest in link token, with derivative retailers placing the highest volume of bullish bets for over a month. According to the Data from Coinmarketcap Link recently recovered from a level of support and is currently trading at $ 14.57.
In the last 24 hours, Link was in a price range between $ 13.39 and $ 13.76, with a market capitalization of around 8.2 billion and daily sales of around $ 464 million.
The weekly performance shows a slight decline of 0.39%, while the monthly curve shows a decline of 13%. Link has dropped by about 8-10% in the year and moves in a span of $ 8.14 to $ 30.81.
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