event 06 June 2023

StablR Is Integrating Chainlink Proof of Reserve

Stablr chainlink proof of reserve


StablR is pleased to announce that we are integrating Chainlink Proof of Reserve (PoR) on Ethereum to help secure the minting of StablR Euro (EURR), our fully collateralized Euro-backed stablecoin.

Transparent – Chainlink Proof of Reserve Feeds can be monitored by anyone in real-time, allowing any user to independently verify asset collateralization.

Automated On-Chain Audits – By keeping an up-to-date reference contract, smart contracts can get automated, on-chain verification of an asset’s collateralization, removing the need to conduct manual audits.

High-Quality Data – Through the use of customizable External Adapters, Chainlink can source data from premium data providers who are financially incentivized to provide highly accurate and available data.