- Chainlink urges special stable coin legislation to secure the US leadership role in digital finance.
- Sergey Nazarov reports on cooperation between Chainlink and Swift in the run -up to the switch to ISO 2022.
Chainlink founder Sergey Nazarov has spoken about the convergence of tradfi (traditional finance) and Defi (decentralized finance) because US cryptor regulation progresses faster and faster. In a recent interview with Paul Baron, he discussed the strategic roles of stable coins, CBDCs and RWA tokenization in the redesign of the global financial systems.
He spoke about the cooperation between Chainlink with Swift and the preparations for the transition to ISO 2022 and emphasized the role of blockchain in modernizing the financial infrastructure. Nazarov also asked the US legislators to give stable coin legislation priority in order to obtain the country’s competitive advantage in digital finance.
At the time of the creation of this article, Chainlink is currently at 12,43 $ traded and has increased by 11.03 %.
Chainlinks Strategic Orientation with Tradfi and Swift
Nazarov met with US government officials, including Donald Trump, to discuss the quick pace of regulatory changes for the crypto industry. He said the dollar was a global safe harbor, especially during financial instability, and its dominance will depend on where valuable tokenized assets are created. Stable coins and digital currencies of central banks are now part of globalization and would shape future currency hierarchies.
With regard to Chainlink and the traditional financial infrastructure, Nazarov mentioned the ISO 2022 upgrade and the participation of Swift. He said that Swift as a cooperative, which is owned by the members, is decentralized as many beliefs and a crucial role in the signing of global transactions play with great value. This makes Swift a natural partner for blockchain interoperability and not a system that should be replaced just because it is old.
Token and the role of Chainlink in the regulatory innovation
Nazarov said that the regulatory authorities worldwide open to the advantages of blockchain, especially for the tokenization of assets and data integrity. He asked the political decision-makers in the United States to concentrate on StableCoin legislation in order to promote the emission of high-quality assets on chains. The regulatory bandwidth is limited, but there is progress in stable coins and wider market structures.
On a global level, Nazarov referred to China’s digital Renminbi and projects such as Embridge from People’s Bank of China, which show where international finance is going. He said that with the increasing distribution of blockchain, the competition between stable coins such as USDC and Tether will be more about market distribution and regulation than about technical superiority.
With a view to the future, Nazarov presented the CRE (Chainlink Runtime Environment) to create smart contracts across blockchains and oracle networks. He said that institutional partners give positive feedback during the beta tests and expect a complete introduction by 2025. The most important functions include the support of tokenized funds and cross -chain operations, which, according to Nazarov, will be essential for modern finance. Finally, he said that Chainlink could make the government more trustworthy.
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