Chainlink Labs, a prominent blockchain oracle service provider, has announced its collaboration with Microsoft Brazil and other industry stakeholders to advance the second phase of Brazil's central bank digital currency (CBDC) project, known as DREX. This partnership aims to leverage Chainlink's expertise in decentralized oracle networks to enhance the functionality and security of the CBDC infrastructure. The involvement of Microsoft Brazil underscores the strategic importance of integrating advanced technology solutions in the development of national digital currencies. This initiative reflects a growing trend of collaboration between blockchain firms and traditional tech giants in the evolving digital currency landscape.