Plasma Integrates Chainlink to Power Stablecoin Ecosystem

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Plasma, a L1 blockchain designed for stablecoin funds, has joined the Chainlink SCALE program and built-in Chainlink as its official oracle supplier. The collaboration offers Plasma builders entry to Chainlink’s Information Streams, Information Feeds, and Cross-Chain Interoperability Protocol (CCIP) from launch. These integrations allow quick, dependable information supply and safe cross-chain communication for stablecoin purposes.

Aave, one of many main decentralized liquidity protocols, is reside on Plasma at launch. It makes use of Chainlink CCIP and Information Feeds to allow cross-chain performance and stablecoin-backed monetary providers.

By adopting Chainlink’s oracle infrastructure, Plasma ensures entry to correct, tamper-resistant market information and safe interoperability between blockchains. Chainlink Information Feeds present value accuracy for lending, borrowing, and buying and selling. CCIP provides a standardized, safe framework for cross-chain transfers, liquidity sharing, and policy-based compliance instruments.

Picture: Freepik

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