As the standard for onchain finance, Chainlink’s comprehensive web3 services support a growing spectrum of tokenized real-world asset (RWA) and stablecoin issuers, including leading DeFi protocols such as Paxos and StablR, as well as some of the world’s largest financial institutions such as ANZ and Fidelity International.
Recently, Usual, a decentralized fiat-backed stablecoin issuer with over $1.2B TVL, adopted the Chainlink standard across Base and BNB Chain to enhance its USD0 and USD0++ stablecoins. Chainlink’s essential RWA infrastructure, including Price Feeds, Cross-Chain Interoperability Protocol (CCIP), and Proof of Reserve (PoR), will help Usual overcome the biggest hurdles in stablecoin adoption: insufficient trust in collateralization and limited cross-chain utility.
Chainlink Price Feeds have enabled over $19 trillion in transaction value, even during volatile market conditions and adverse events such as flash loan attacks. By supplying USD0 and USD0++ with high-quality aggregated price data onchain in a highly reliable manner, Price Feeds will help optimize the security and efficiency of Usual’s ecosystem.
PoR leverages the same battle-tested Chainlink oracles to publicly verify in real time that onchain assets are fully collateralized. This is especially crucial for stablecoins like USD0 and USD0++ that need to maintain a 1:1 peg to the underlying asset.
CCIP is the industry standard for cross-chain digital asset and data transfer utilized by leading DeFi protocols, DEXs, and traditional financial institutions to unlock new use cases and markets for stablecoins. Usual selected CCIP to power cross-chain transfers of USD0 and USD0++ because the protocol achieves the highest level of cross-chain security and features a separate Risk Management Network that independently monitors cross-chain functions.
In an official announcement, Usual co-founder Adli Takkal Bataille highlighted Usual’s capacity to significantly expand its footprint through Chainlink’s resilient oracle infrastructure.
“We’re excited to adopt the Chainlink standard to accelerate the adoption of USD0 and USD0++, enabling the creation of secure onchain markets around these assets, while providing transparency around reserves and enabling seamless cross-chain movement,” he said.
To learn more about Usual, visit their website, X, Telegram, and Discord.