United Stables launches proof-of-reserves page integrated with Chainlink Data API

The stablecoin project said the new page provides automated, cryptographic, onchain-verifiable reserve data and clearer visibility into its 1:1 asset backing.

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Summary

United Stables has launched a proof-of-reserves (verification of backing assets) page for stablecoin U, adding a transparency feature that the project said is fully integrated with Chainlink’s Data API. The new page is designed to support United Stables’ asset reserves with automated, cryptographic and onchain-verifiable data, while a navigation update on the official website is intended to make transparency metrics easier to track. The project also said the rollout offers a clearer and more intuitive presentation of U’s 1:1 asset backing.

Terms & Concepts
  • proof-of-reserves: Verification of backing assets held
  • Chainlink Data API: Data service feeding verifiable external information
  • 1:1 asset backing: Each token matched by equivalent reserves