Chainlink

According to a recent report by Deloitte, blockchain-based and fiat currency-backed stablecoins are becoming more prevalent in consumer payments. These stablecoins are being used for cross-border remittances, peer-to-peer payments, and retail transactions, bypassing traditional payment institutions.

The world's assets are starting to move onto the blockchain, and they all require one thing: Chainlink.

Tencent Cloud, the cloud computing arm of Asia's largest Internet company, is the exclusive cloud sponsor of Constellation: A Chainlink Hackathon. Participants have the opportunity to win a portion of $250K in complimentary Tencent Cloud credits by registering for the event and attending the Constellation bootcamp in Brazil on 11/2.

Onchain finance presents Web3's biggest opportunity and is powered by Chainlink CCIP. Three near-term use cases for capital markets are explained.

This week, there were 9 integrations of 7 Chainlink services across 4 different chains: Avalanche, Binance Smart Chain, Ethereum, and Polygon. New integrations include AffineDeFi, ArtdeFinance, Avalanche, BackedFi, ClipFinance, DragonDegens, and VodafoneBiz.

Financial institutions are tokenizing assets on blockchains, but risk management infrastructure is needed for scalability. Chainlink Proof of Reserve provides the solution.

Chainlink's Cross-Chain Interoperability Protocol (CCIP) is gaining momentum as the industry standard for three key reasons. Firstly, CCIP offers defense-in-depth security with multiple decentralized networks, risk management, and transfer rate limits. Secondly, it provides user-centric implementation without vendor lock-ins. Lastly, CCIP is backed by Chainlink's battle-tested infrastructure, which has secured over $8.8T in value and has proven reliability even during extreme market volatility and network congestion.

BackedFi has integrated Chainlink Proof of Reserve (PoR) on 0xPolygon to increase collateral transparency for its tokenized real-world assets (RWAs) such as bIB01, bIBTA, and bCSPX.

Chainlink is establishing itself as the leading platform for onchain data and cross-chain connectivity, serving as the standard for tokenized real-world assets (RWAs). By providing secure and reliable data and enabling interoperability, Chainlink maximizes the advantages of tokenization.

Chainlink has launched Functions and Automation 2.0 on the Avalanche network. This allows users to access APIs, perform custom compute on data, and reduce gas costs. Avalanche developers can now benefit from the future of dApp development with Chainlink.