Chainlink Announces Partnership with Fireblocks to Issuance Stablecoins

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Chainlink Announces Partnership with Fireblocks to Issuance Stablecoins
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Chainlink Labs, a decentralized oracle network, and Fireblocks, known for its secure infrastructure for digital assets, announced this Tuesday (17) a strategic partnership that promises to transform the way stablecoins are issued and managed.

Aiming to provide a complete technological solution for financial institutions, the collaboration aims to increase security, compliance and efficiency in the issuance and transaction of stablecoins, digital currencies pegged to stable assets, such as the dollar.

This alliance marks a significant step forward for the stablecoin ecosystem, which by 2024 reached a global supply of $134.3 billion.

The solution aims to provide institutions with a real-time view of their reserves and collateral. In addition, it seeks to provide efficient management of tokenized assets.

Chainlink Partners with Fireblocks

The integrated technology of this partnership will allow stablecoin issuers to securely carry out the minting, custody, distribution and management processes of digital assets.

Among the most innovative features is the use of “proof of reserves.” This solution ensures that the assets backing stablecoins are transparent and verified in real time. This increases trust in the market.

Additionally, the solution developed by Chainlink and Fireblocks includes real-time market connectivity, data synchronization for collateral verification, and robust regulatory compliance. This will enable financial institutions to customize core components such as KYC (Know Your Customer) and AML (Anti-Money Laundering) to meet the stringent requirements of the global market.

Another highlight of the partnership is interoperability, which will facilitate integration between different blockchains, both public and private. This will enable efficient data and value transfers. At the same time, it will increase the liquidity and utility of stablecoins as a secure and reliable payment tool.

Fireblocks’ technology solution includes both hot and cold custodial digital wallets, enabling financial institutions to securely manage their assets through advanced APIs.

With support for over 80 blockchains, the service offers robust governance and security policies. It also has a broad network of institutional counterparties, ensuring the stability and distribution of stablecoins in the global market.

Chainlink Announces Partnership with Fireblocks to Issuance Stablecoins

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Chainlink Announces Partnership with Fireblocks to Issuance Stablecoins

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Chainlink Announces Partnership with Fireblocks to Issuance Stablecoins

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Chainlink Announces Partnership with Fireblocks to Issuance Stablecoins

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