tl;dr
Chainlink and stablecoin issuer Circle have formed a partnership to expand stablecoin utility for institutions. This collaboration will leverage Circle's developer platforms and Chainlink services to enhance stablecoin usability for enterprise use. Chainlink, known for its decentralized computing pl...
Chainlink and Circle partnership overview:
Chainlink has partnered with Circle to enhance stablecoin utility for institutions. The collaboration aims to leverage Circle's developer platforms and Chainlink services to expand stablecoin usability for enterprise use. This move is expected to empower innovators building Internet-native financial services and unlock new capabilities for the DeFi ecosystem.
Details of the Partnership:
Chainlink, known for its decentralized computing platform, will educate developers on Circle's Web3, Blockchain-agnostic wallets, and Smart Contract Platform. Both teams aim to grow the adoption of tokenized assets and enhance the usage of stablecoins in the industry.
USDC and EURC Stablecoins:
USDC, the second-largest stablecoin with a $32 billion market cap, is pegged to the U.S. dollar. EURC, its Euro-backed counterpart, has a $40 million market cap and aims to become a regulated e-money token under EU regulations to enhance utility across peer-to-peer transfers and European remittance corridors.
Blockchain Support and Humanitarian Aid:
The stablecoins are supported by various blockchain networks and have been utilized for humanitarian aid, aiding individuals impacted by disasters and crises. Circle recently ended USDC support for the Tron network to ensure transparency and safety.
Insights from Chainlink and Circle:
The partnership is seen as a powerful move to expand stablecoin utility for institutions and grow the adoption of tokenized assets. Chainlink's industry-standard decentralized computing platform and Circle's global financial tech expertise are expected to drive the industry forward.
More about C3 Ai Inc
Stock Market Analysis Summary C3 Ai Inc (C3)
Sector: Technology
Industry: Services-Prepackaged Software
Market Cap: $29.41 billion
Revenue: $296.40 million
Price Change: -2.34
Price/Earnings Ratio: 2.536
Dividend Yield: -0.917%
Shares Outstanding: 1 billion
EPS: $29.73
Beta: 0
Volatility: 0.176
More about GameStop Corp
GameStop Corp. is a company headquartered in Grapevine, Texas. It operates within the trade and services sector, specifically in the retail-computer and computer software stores industry. The company's revenue stands at 7,859,565,000, with a net income of 746. It has a earnings per share (EPS) of 0.03 and a price-earnings (P/E) ratio of 17.28. The company's beta is 0.0013, and it has a market capitalization of 5,272,800,000. GameStop Corp. has a price-to-sales (P/S) ratio of 0.38, a return on equity (ROE) of 0.259, and an operating margin of -0.194.