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Crypto & Bitcoin

Chainlink Goes Live on Stellar, Unlocking DeFi Applications Across the $4B RWA Ecosystem

Reported by Erie Maxwell, ZyCrypto

Image: ZyCrypto

In a groundbreaking move to accelerate the transition to the on-chain financial ecosystem, Stellar Network today announced the integration of Chainlink into its protocol. In a blog post published today, Stellar revealed that it has adopted Chainlink’s data feeds as its official oracle solution. Stellar Network is a decentralized blockchain network recognized for facilitating rapid, cheap, and secure cross-border payments and fund transfer applications for institutions and individuals. However, one shortcoming of traditional blockchains, like Stellar Network and several others, is their inability to access real-world data directly. Stellar aims to address this by adopting Chainlink oracles.

This is an excerpt. The reporting belongs to ZyCrypto.

Read the full report on zycrypto.com
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