Fireblocks and Chainlink Labs Announce Strategic Partnership to Accelerate Regulated Stablecoin Issuance

According to official news from Odaily Odaily, Fireblocks and Chainlink Labs announced a strategic partnership to provide banks and financial institutions with secure and compliant technical solutions to issue and trade stablecoins in global financial markets. This 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: "Chainlink and Fireblocks provide a powerful set of technical services, and the combination of the two is expected to accelerate the market growth of various tokenized currencies such as stablecoins. We expect that this will not only provide stablecoin users with real-time visibility into asset reserves, but also enhance the practicality of stablecoins as a secure payment tool and institutional trading tool in the digital asset market. We plan to empower stablecoin issuers and meet the high standards of institutional and retail customers by providing secure, smart and scalable solutions." Stephen Richardson, managing director of financial markets at Fireblocks, said: "As the regulatory framework around tokenized currencies continues to improve, the potential for the use of regulated stablecoins at the institutional level is further expanding. Stablecoins are driving innovation in the financial markets, and issuers need a comprehensive solution covering everything from reserves to issuance, distribution, custody and compliance, with full visibility and cross-chain capabilities. By working with Chainlink, we will be in a unique market position to meet key market needs such as the large-scale adoption of stablecoins." It is reported that Fireblocks is an enterprise platform dedicated to managing digital asset operations and building innovative businesses on the blockchain; Chainlink Labs is the primary contributing developer of Chainlink, the core infrastructure of the tokenized asset economy.