StablR Integrated Chainlink PoR
We’re excited to announce that StablR has integrated Chainlink Proof of Reserve (PoR) on Ethereum to help enhance the transparency of EURR—StablR’s fully collateralized, euro-backed stablecoin.
With Chainlink PoR, users can now check whether the total supply of StablR Euro plus any newly minted amount exceeds the total amount of Euros held in reserve. This helps ensure boost community confidence that StablR Euro supply does not exceed the amount of collateral backing it.
Chainlink PoR helps give users unmatched transparency into the collateral backing StablR Euro, which can be monitored in near real-time via this link. Further details of the integration and why we chose Chainlink Proof of Reserve can be found here.
“The industry standard Chainlink Proof of Reserve provides an additional layer of transparency to StablR Euro. We’re happy to be enabling unparalleled transparency for users into the collateral backing StablR Euro.”—Gijs op de Weegh, CEO at StablR.
Chainlink is the industry-standard Web3 services platform that has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.
Within the internet of value StablR is enabling open and unified financial infrastructure to gain easy, transparent, and safe access for anyone, anywhere, and anytime. By leveraging the efficiency of blockchain technology we empower DeFi, CeFi, and TradFi users to easily move funds between different ecosystems. StablR believes the future of the global economy is open, transparent, and fairly distributed for everyone who is part of it.