- Chainlink permits CBDC-stablecoin swap in HK pilot.
- LINK breaks $15 as volatility drops and momentum builds.
- Rising LINK derivatives sign robust bullish positioning.
Chainlink (LINK) has captured recent investor curiosity after Chainlink’s CCIP efficiently enabled a Hong Kong CBDC and an Australian greenback stablecoin swap.
We’re excited to share that Chainlink is facilitating the safe trade of a Hong Kong CBDC and an Australian greenback stablecoin as a part of an ongoing use case in Part 2 of the e-HKD+ Pilot Program.
Congratulations to individuals @Visa, ANZ, China AMC, and Constancy… pic.twitter.com/ts2C6Vt4Ul
— Chainlink (@chainlink) June 9, 2025
Following the announcement, LINK rebounded from a key assist stage and surged previous $15.00, buoyed by each technical energy and rising real-world adoption of Chainlink’s CCIP.
Notably, Chainlink’s position in enabling cross-border funds has reignited optimism concerning the long-term worth proposition of its native token, LINK.
LINK price edges increased as volatility tightens and momentum builds
LINK is presently buying and selling close to $15.08 after posting a 9.1% achieve over the previous 24 hours, outperforming each Bitcoin (BTC) and Ethereum (ETH) in relative phrases.
LINK’s present surge comes on the again of a powerful rebound from the $12.64 assist stage, the place bulls defended aggressively following weeks of downward consolidation.
A transparent V-shaped restoration has now emerged on the each day chart, with LINK pushing by the $14.10 resistance cluster and approaching the subsequent essential zone between $14.49 and $15.22.
As well as, technical indicators reveal a tightening volatility regime, with 30-day volatility dropping to 60.80% from a latest peak of 81.11%, suggesting an impending breakout.
Rising derivatives quantity — up 28.25% to $621.23 million — and a 3.02% enhance in Open Curiosity to $587.42 million present that merchants are positioning for a continuation transfer.
Regardless of a rise of 36,286 LINK on exchanges, doubtless indicating strategic positioning, momentum stays bullish as cascading brief liquidations could gas additional upside.
Total, the broader market construction stays intact as lengthy as LINK holds above $12.64, with sentiment persevering with to show constructive amongst each retail and institutional buyers.
With liquidation heatmaps displaying dense brief positions between $14.10 and $14.49, a decisive break above $15.22 may set off a squeeze towards the $16.00 stage.
Chainlink’s use in Hong Kong’s CBDC is fueling the bullish momentum
The Hong Kong Financial Authority (HKMA), in collaboration with main monetary gamers together with Visa, ANZ, Constancy Worldwide, and ChinaAMC, chosen Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to allow cross-border digital asset settlement in its CBDC pilot project.
Notably, the profitable take a look at that noticed an Australian investor use the A$DC stablecoin, collateralised in AUD and issued on Ethereum, buy a tokenised fund from a Hong Kong-based asset supervisor has elevated Chainlink’s profile within the world monetary infrastructure narrative.
Within the pilot, Chainlink’s CCIP bridged ANZ’s personal DASchain with Ethereum’s public Sepolia testnet, enabling atomic swaps between the A$DC and Hong Kong’s CBDC, e-HKD, with out intermediaries.
The take a look at demonstrated how CCIP can allow seamless interplay between permissioned and permissionless blockchains in regulated environments.
The take a look at additionally utilised ERC-20 wrapped e-HKD tokens to finish the settlement, with Chainlink’s infrastructure guaranteeing Cost-versus-Cost (PvP) mechanisms and compliance integrity throughout each chains.
The e-HKD+ pilot program, now in Part 2, is anticipated to proceed exploring use circumstances for tokenisation and programmable settlement all through 2025, with outcomes more likely to influence CBDC growth trajectories.
Though LINK tokens weren’t straight used within the transaction, the market has responded to Chainlink’s increasing real-world utility and relevance in institutional finance.
