- In the recent past, the Chainlink network has attracted investments at the first level of traditional financial institutions.
- The integration of USD1 with Chainlink will increase the worldwide acceptance of link tokens.
World Liberty Financial (WLFI), a well-funded defi-protocol supported by US President Donald Trump, announced a strategic partnership with Chainlink (Link) network to improve the mainstream acceptance of the recently launched Stablecoin USD1.
After cooperation, the World Liberty Financial Project will use the Cross-Chain Interoperability Protocol (CCIP) from Chainlink to enable a safe and seamless transfer of USD1 over different chains.
“Chainlink’s Battle-Tested Infrastructure Delivers The Institutional-Grade Security and Extensive Reach Needed to Deliver USD1 Into The Hands Of Millions Across A Growing Number Of Active, On-Chain Ecosystems. WLFIs UTSIFE FORLINK Cross-Border Payments and Will Result in Truly Useful Applications Across Defi and Traditional Finance, ”Zach Witkoff, Co-Founder of World Liberty Financial, noted.
Earlier, World Liberty Financial had collaborated with the Chainlink network to offer reliable data feeds to its AAVE V3 institution.
Market impact of the collaboration between Chainlink and WLFI
The cooperation between the Chainlink network and the WLFI protocol will play a crucial role in the mainstream acceptance of link tokens. In addition, the WLFI protocol will improve the established credibility of the ChainLink network for more institutional investors.
Earlier on Friday, the Chainlink network announced That the liquid protocol has adopted its CCIP and Cross-Chain Token (CCT) standard to make the seamless transfer of assets over Ethereum, Base and Arbitrum possible.
The rising acceptance of the Chainlink products will have a long-term impact on the operating price action. The Large-Cap Altcoin, with a completely diluted appreciation of around $ 15.9 billion and a 24-hour average traded volume of around $ 477 million, collected more than 30 percent in the last four weeks to trade around $ 15.9 on Friday 16 May during the Late North American trade session.
Credit : coinpedia.org
