StableX acquires Chainlink tokens as part of its second major crypto asset purchase, following its investment in FLUID. Stablecoins are going mainstream, as are the crypto networks that power them. On Thursday, Oct. 16, Nasdaq-traded firm StableX Technologies announced its…StableX acquires Chainlink tokens as part of its second major crypto asset purchase, following its investment in FLUID. Stablecoins are going mainstream, as are the crypto networks that power them. On Thursday, Oct. 16, Nasdaq-traded firm StableX Technologies announced its…
StableX acquires Chainlink crypto in stablecoin play
For feedback or concerns regarding this content, please contact us at [email protected]
StableX acquires Chainlink tokens as part of its second major crypto asset purchase, following its investment in FLUID.
Summary
- StableX announced the acquisition of Chainlink crypto due to its importance for stablecoins
- The acquisition is the second purchase after StableX purchased FLUID tokens
- StableX is executing a $100M strategy focused on acquiring tokens that power the stablecoins
Stablecoins are going mainstream, as are the crypto networks that power them. On Thursday, Oct. 16, Nasdaq-traded firm StableX Technologies announced its purchase of Chainlink (LINK) tokens. The move is part of a $100 million strategy focused on crypto tokens that power the stablecoin ecosystem.
According to StableX, Chainlink (LINK) is a key element of the DeFi infrastructure powering stablecoins. For this reason, the acquisition aligns with its strategy to become a pure-play investment in stablecoin infrastructure.
Chainlink key for stablecoins: StableX
According to StableX, Chainlink is key for stablecoins for several reasons. For one, Chainlink provides real-time data that helps stablecoins remain pegged to their underlying assets across DeFi protocols. Moreover, Chainlink directly works on stablecoin proof-of-reserves. It also has several high-profile institutional partnerships, giving it credibility.
This acquisition follows StableX’s investment in FLUID. StableX did not disclose how many Chainlink tokens it bought in its press release.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Vitalik Buterin Reveals Ethereum’s Long-Term Focus on Quantum Resistance
TLDR Ethereum focuses on quantum resistance to secure the blockchain’s future. Vitalik Buterin outlines Ethereum’s long-term development with security goals. Ethereum aims for improved transaction efficiency and layer-2 scalability. Ethereum maintains a strong market position with price stability above $4,000. Vitalik Buterin, the co-founder of Ethereum, has shared insights into the blockchain’s long-term development. During [...] The post Vitalik Buterin Reveals Ethereum’s Long-Term Focus on Quantum Resistance appeared first on CoinCentral.
Share
Coincentral2025/09/18 00:31
XAG/USD Plunges To Near $89.00 As Resilient US Dollar Exerts Pressure
The post XAG/USD Plunges To Near $89.00 As Resilient US Dollar Exerts Pressure appeared on BitcoinEthereumNews.com. Silver Price Forecast: XAG/USD Plunges To Near
Share
BitcoinEthereumNews2026/03/03 11:18
First Multi-Asset Crypto ETP Opens Door to Institutional Adoption
The post First Multi-Asset Crypto ETP Opens Door to Institutional Adoption appeared on BitcoinEthereumNews.com. The US Securities and Exchange Commission (SEC) has officially approved the Grayscale Digital Large Cap Fund (GDLC) for trading on the stock exchange. The decision comes as the SEC also relaxes ETF listing standards. This approval provides easier access for traditional investors and signals a major regulatory shift, paving the way for institutional capital to flow into the crypto market. Grayscale Races to Launch the First Multi-Asset Crypto ETP According to Grayscale CEO Peter Mintzberg, the Grayscale Digital Large Cap Fund ($GDLC) and the Generic Listing Standards have just been approved for trading. Sponsored Sponsored Grayscale Digital Large Cap Fund $GDLC was just approved for trading along with the Generic Listing Standards. The Grayscale team is working expeditiously to bring the FIRST multi #crypto asset ETP to market with Bitcoin, Ethereum, XRP, Solana, and Cardano#BTC #ETH $XRP $SOL… — Peter Mintzberg (@PeterMintzberg) September 17, 2025 The Grayscale Digital Large Cap Fund (GDLC) is the first multi-asset crypto Exchange-Traded Product (ETP). It includes Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). As of September, the portfolio allocation was 72.23%, 12.17%, 5.62%, 4.03%, and 1% respectively. Grayscale Digital Large Cap Fund (GDLC) Portfolio Allocation. Source: Grayscale Grayscale Investments launched GDLC in 2018. The fund’s primary goal is to expose investors to the most significant digital assets in the market without requiring them to buy, store, or secure the coins directly. In July, the SEC delayed its decision to convert GDLC from an OTC fund into an exchange-listed ETP on NYSE Arca, citing further review. However, the latest developments raise investors’ hopes that a multi-asset crypto ETP from Grayscale will soon become a reality. Approval under the Generic Listing Standards will help “streamline the process,” opening the door for more crypto ETPs. Ethereum, Solana, XRP, and ADA investors are the most…
Share
BitcoinEthereumNews2025/09/18 13:31