Chainlink, the “decentralized” computing platform, and Circle, a global financial technology firm and the issuer of USDC and EURC, have partnered in order “to expand stablecoin utility for enterprise institutions with Circle’s developer platform and Chainlink services.”
Chainlink and Circle will work together “to educate developers on Circle’s Programmable Wallets and Smart Contract Platform, along with Chainlink’s services, such as CCIP, Data Feeds, and Proof of Reserve to support developers leveraging USDC and EURC to build future-proof applications.”
Over the course of two and half years, Chainlink price oracles “have enabled over $1.3 trillion in USDC transaction value across 6 blockchains, empowering DeFi markets.”
Earlier this year, Chainlink also announced full support “of USDC via Chainlink CCIP to allow for highly secure cross-chain transfers that help bring DeFi to CCTP-supported chains.”
Sandra Persing, VP Product, Developer, and Ecosystem Marketing at Circle, said:
“Chainlink’s integration of Circle’s stablecoin developer technology will empower innovators building Internet-native financial services. There are immense opportunities for builders right now and we look forward to continuing our partnership with Chainlink to unlock new capabilities for the DeFi ecosystem.”
Akersh Srivastava, Head of Developer Relations at Chainlink Labs said:
“Financial institutions’ growing interest in tokenized assets means developers need robust tools and secure infrastructure to leverage external data, proof of reserves, and interoperability. We’re excited to partner with Circle to boost USDC and EURC utility through Chainlink services which are critical throughout the entire tokenized asset lifecycle.”
As noted in the update, Chainlink is the decentralized computing platform powering the verifiable web.
Chainlink claims that it “has enabled over $10 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.
As covered, Circle is a global financial technology firm “that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide.”
Circle is the issuer of USDC and EURC – “liquid, interoperable, and trusted money protocols on the internet.”
Circle’s open and programmable platform and APIs make it easy “for organizations to run their internet-scale business, whether it is making international payments, building globally-accessible Web3 apps, or managing their internal treasury.”
