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Plasma Joins Chainlink SCALE Program to Advance Stablecoin Applications

Plasma Joins Chainlink SCALE Program to Advance Stablecoin Applications

Plasma has selected Chainlink as its official oracle provider to scale stablecoin applications on its high-performance layer-1 blockchain, integrating advanced Chainlink services.

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Fact Check
The statement is directly confirmed by multiple, corroborated sources, including a press release on PR Newswire and official announcements from Chainlink. The evidence unanimously reports that Plasma has joined the Chainlink SCALE program with the specific aim of advancing stablecoin applications.
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Summary

Plasma has officially adopted Chainlink as its oracle provider through the Chainlink SCALE program, integrating Chainlink’s Cross-Chain Interoperability Protocol (CCIP), data streams, and data source services to support stablecoin development on its network.

Terms & Concepts
  • Chainlink SCALE: A program by Chainlink designed to accelerate blockchain adoption by providing oracle services and infrastructure support to participating projects.
  • Stablecoin: A type of cryptocurrency pegged to a stable asset, such as a fiat currency, to reduce volatility.
  • Cross-Chain Interoperability Protocol (CCIP): A protocol by Chainlink that facilitates communication and data exchange between different blockchain networks, enabling seamless interoperability.