Chainlink has formed a partnership with Streamex Corp. to improve transparency and cross-chain capabilities for the gold-backed stablecoin GLDY. This collaboration will implement Chainlink’s Proof of Reserve and Cross-Chain Interoperability Protocol (CCIP). By using these technologies, the partnership aims to provide better verification of gold reserves backing GLDY, contributing to increased trust and reliability in the stablecoin market. The integration of Chainlink’s services is expected to make GLDY more transparent, benefiting both investors and users. This move highlights the ongoing trend of enhancing transparency in the cryptocurrency space, particularly for stablecoins that are tied to physical assets.
