Circle & Chainlink Collaborate, Will Prices Skyrocket?


"Wow it's the best, somehow the price of LINK will skyrocket in the near future."

Circle, the USDC and EURC stablecoin issuer, integrates Chainlink's decentralized oracle network into its system so that developers can have the tools they need to create comprehensive financial applications.

As part of the collaboration, Circle and Chainlink's Programmable Wallets service that includes Data Feeds and Proof-of-Reserve (PoR) will teach developers how to include stablecoins in their applications.

According to Sandra Persing, Vice President (VP) Product, Development and Marketing of the Circle Ecosystem, said the collaboration can help build the foundation and guidance needed for developers to build better and safer DeFi applications.

He added that the partnership is also important given the increasing need for internet-native financial services, especially digital financial services.

Please note that Circle recently also intends to expand its services to the Brazilian market through the signing of an agreement with Nubank where it will allow increased accessibility of digital dollars in Brazil and easy and efficient availability of USDC.

The expansion requires cooperation with well-known Brazilian financial organizations such as BTC Pactual to bring USDC to the retail market and subsequent institutions it is one of the ways to make it easier for people to engage in the global economic system.

As of this writing, the price of the cryptocurrency LINK founded by Chainlink which is currently trading at $17.97 has recorded a slight gain of 4.89% in the last 24 hours with a market cap of over $10 billion but still gained 6.18% over the last week.