Chainlink has teamed up with RD Applied sciences to bolster the HKD-backed stablecoin, HKDR, utilizing Chainlink’s cross-chain interoperability and Proof of Reserve mechanisms. This partnership goals to boost transaction reliability and cut back prices related to cross-border funds. By leveraging Chainlink’s know-how, HKDR transactions are poised to change into extra secure and cost-effective, stopping potential losses attributable to foreign money fluctuations. Chainlink has seen a 9% enhance in its worth over the previous week, indicating its strengthening place available in the market.
