According to Odaily Planet Daily, Fireblocks and Chainlink Labs announced a strategic partnership to provide banks and financial institutions with secure and compliant technology solutions to issue and trade stablecoins in global financial markets.
The technical solution will enable issuers to view stablecoins, reserves, market value and total supply across chains in a comprehensive and real-time manner. Angie Walker, head of global banking and capital markets at Chainlink Labs, said the collaboration is expected to accelerate the growth of the stablecoin market and enhance its practicality in the digital asset market.
Stephen Richardson, managing director of financial markets at Fireblocks, said that as the regulatory framework improves, the potential for institutional use of stablecoins will expand. The collaboration will meet the market demand for large-scale adoption of stablecoins.
