Hassan Maishera
On Thursday, Chainlink announced via X that Cap, a decentralized stablecoin protocol for covered yield at scale, has integrated Chainlink Price Feeds on the Ethereum mainnet. By integrating the Chainlink standard, Cap has access to high-quality, tamper-proof price feeds needed to accurately price ETH and stETH-based restaking delegations that secure operator activity, supporting the minting and solvency of cUSD.
The integration will provide Cap users with stronger assurances that cUSD minting and delegation mechanisms operate securely under volatile market conditions. Cap is a decentralized, interest-bearing stablecoin protocol that enables institutions and onchain actors alike to mint cUSD with USDT & USDC. Cap allows whitelisted institutional operators to borrow cUSD’s underlying collateral and perform yield strategies, secured by ETH and stETH delegations from restakers.
Chainlink Network (LINK) aims to provide tamper-proof data inputs and outputs for smart contracts on any blockchain. LINK is up 1% over the past 24 hours, trading at $12.58.
