Circle and Chainlink partner to expand the utility of USDC and EURC for developers, aiming to power financial app creation and DeFi growth.

Circle has integrated Chainlink into its system to expand the capabilities of its stablecoins, USDC and EURC. The partnership hopes to combine Circle’s financial services with Chainlink decentralized services so that developers have the tools they need to build comprehensive financial applications.

Circle, which is also the issuer of USDC and EURC stablecoins, has now partnered with Chainlink, a decentralized oracle network. As part of the collaboration, Circle’s programmable wallets and chainlink services that include data feeds and proof of reserve will teach developers how to incorporate stablecoins into their applications.

This will help create the necessary foundation and guidance, which is vital for developers to build better and safer DeFi applications.

Sandra Persing, VP of Product, Developer and Ecosystem Marketing at Circle, expressed her excitement about the collaboration.

"We're going to give developers the tools to design the future of financial services together with Chainlink," Persing added.

He said that this partnership is important in light of the growing need for Internet-based financial services, especially digital financial services.

The range extends to Brazil.

In addition, Circle also recently announced that it is expanding its services to the Brazilian market with a partnership with Nubank, the country’s leading fintech company. The decision is expected to increase access to digital dollars in Brazil, as well as allow easy, efficient and 24/7 availability of USDC.

This expansion includes collaboration with prominent Brazilian financial organizations such as BTG Pactual to bring USDC to the retail and institutional markets.

$Circle co-founder and CEO Jeremy Allier expressed his excitement about the expansion, saying it could revolutionize Brazil’s financial environment to make it easier for people to join the global economic system. .

Leveraging these partnerships, CIRCLE plans to provide businesses and consumers in Brazil with enhanced digital financial services, which will enable USDC to become a highly liquid and flexible digital currency in the Brazilian market.

Meanwhile, $Chainlink’s (LINK) price has been bearish over the past 24 hours, oscillating between intraday highs and lows of $18.06 and $19.16, respectively.

As of press time, $LINK was trading at $18.30, down 2.80% from its intraday high.During the decline, LINK’s market capitalization and 24-hour trading volume decreased by 2.41% and 17.23% to $10,743,010,047 and $523,064,670, respectively. Subsequently, LINK’s open interest also declined by 5.31% to $258.10M.