Back to News

Deep Blue Adopts Chainlink Standard to Boost Transparency and Connectivity of New Multi-Chain DBUSD Stablecoin

Twitter icon  •  Published vor 10 Stunden  •  Hassan Maishera

On Monday, Chainlink announced via X that Deep Blue is adopting the #Chainlink standard to enhance its stablecoin issuance platform.

On Monday, Chainlink announced via X that Deep Blue is adopting the #Chainlink standard to enhance its stablecoin issuance platform. Deep Blue is the issuer of the DBUSD stablecoin, which is dedicated to enhancing global financial inclusion through blockchain technology.

Chainlink Proof of Reserve (PoR) will provide transparency into the reserves of DBUSD, Deep Blue’s new US dollar stablecoin, accelerating its adoption by increasing users’ confidence that the stablecoin is fully backed at all times. Additionally, Deep Blue will leverage Chainlink Cross-Chain Interoperability Protocol (CCIP), the standard for blockchain interoperability, to make DBUSD easily and securely interoperable across chains.

Chainlink Network (LINK) aims to provide tamper-proof data inputs and outputs for smart contracts on any blockchain. LINK is down 2.5% over the past 24 hours, trading at $17.65.

Next article Velar and StackingDAO Partner To Launch an STX/stSTX Stableswap Pool on Bitcoin

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.