Hedera and Chainlink have formed a strategic partnership to enhance the adoption of decentralized finance (DeFi) and tokenized real-world assets (RWAs) on the Hedera mainnet.
This collaboration aims to accelerate the growth of DeFi and RWAs by providing developers on the Hedera network with reliable data aggregation and decentralized infrastructure.
Chainlink's suite of smart data products, including Data Feeds and Proof of Reserve, will enable developers to access high-quality data and verification tools necessary for building secure and scalable applications.
This integration aligns with Hedera's mission to enhance the developer ecosystem and enable the creation of robust DeFi applications and tokenized assets.
Chainlink's reputation as a leader in on-chain finance and cross-chain interoperability is further strengthened by its partnerships with various crypto and traditional finance entities.
The oracle network has already secured over $17 trillion in value across blockchain transactions and is utilized by major DeFi protocols and traditional financial institutions.
In another development, Ethena Labs has launched USDtb, a stablecoin backed by BlackRock's USD Institutional Digital Liquidity Fund.
USDtb sets itself apart by allocating 90% of its reserves to BlackRock's BUIDL fund, which primarily invests in short-term U.S. Treasury bills, cash, and repurchase agreements.
Ethena Labs has partnered with Securitize to launch USDtb, positioning it as a more traditional stablecoin option with a distinct risk profile compared to Ethena's flagship token, USDe.
The introduction of USDtb is part of Ethena's strategy to enhance the resilience of its financial ecosystem, particularly during market volatility.
To ensure the security and reliability of USDtb, Ethena Labs has partnered with custodians such as Copper, Zodia Custody, Komainu, and Coinbase Institutional.
The launch of USDtb follows successful audits conducted by leading firms, establishing the token's security framework.
These developments in the DeFi and stablecoin sectors enhance the functionality and security of digital assets and pave the way for broader adoption and integration within traditional financial systems.