Plasma is integrated with Chainlink to boost Stablcoins after controversial start of his token xpl


By Hannah Pérez

Plasma, a Stablcoins Blockchain network backed by Tether, announced an integration with Chainlink and a collaboration with AAVE to boost Stablecoins. The news comes just after its dramatic launch and internal sales rumors for the collapse of your Token Xpl.

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  • Plasma, a Stablecoins blockchain network backed by Tether, integrates with Chainlink.
  • Announced an alliance that includes AAVE to boost Decentralized solutions of Stablcoins.
  • The announcement comes just after the dramatic and agitated launch of the native token xpl.
  • The price drop motivated rumors of internal sales, that the Plasma CEO hastened to deny.

In a movement that seeks to strengthen its position in the world of stablcoins, Plasmaa network Blockchain Specialized in payments with Stablecoins, he announced his integration with Chainlinkthe leading provider of “oracles“In the world of cryptocurrencies.

The alliance arrives in collaboration with Aaveone of the main decentralized loan platforms, and is part of the program Chainlink Scaleas detailed by the press release issued by Plasma This Friday.

This association will allow developers to Plasma access safe infrastructure of Chainlink to create more reliable and composed applications with Stablecoins. In simple words: the oracles of Chainlink they act as verified bridges that bring external information (such as prices or financial data) to the Blockchainavoiding fraud and improving mass adoption.

“Together, these services give Plasma developers the safe oracle infrastructure necessary to build secure and composite stablcoins applications”the announcement stands out.

Plasmawhich is described as an optimized layer 1 network for rapid and cheap global transfers from Stablcoins such as USDT (with zero commissions in its launch), see in this integration a key step to expand its ecosystem, which already has more than USD $ 5.6 billion in total locked value (TVL), positioning it as the largest sixth network in Stablecoinsaccording to Defill.

XPL Experiences controversial and agitated launch

The announcement occurs just a week after the launch of the main beta network of Plasma and its native token XPL, on September 25, which initially promoted a diluted assessment of around USD $ 8 billion and attracted liquidity of more than USD $ 2 billion in Stablecoins. However, the initial enthusiasm was tarnished by a drastic drop in the price of XPL.

After shooting at a maximum of USD $ 1.7, the token xpl has collapsed in a few days, losing 48% to its current price of USD $ 0.8767, according to data from data from Coinmarketcap updated at the time of editing.

The dramatic and sudden fall of prices unleashed rumors in the crypto community about the possibility of internal sales by the team. Independent analysts indicated transfers of more than 600 million tokens XPL from team wallets to Exchange Before launch, possibly using algorithmic sales strategies to minimize impact on the price.

Rumors on internal sales after XPL fall

The founder and CEO of PlasmaPaul Faecks, came up with these speculations on Thursday, flatly denying any download by the team. No team member has sold XPLsaid Faecks in an X publication, emphasizing that allocations for investors and equipment are blocked for three years with an initial one year of one year.

Also denied any relationship with Wintermutea market creator accused by some users of contributing to the fall. “We have not hired Wintermute as a market creator or we have hired any of its services“He added. Faecks insisted that the approach is in”Build the future of money“, And avoided additional comments about ecosystem or growth tokens.

In addition, he clarified that despite criticism for the presence of former employees of controversial projects such as Blast and Blur in the team of Plasmaprofessionals also collaborate from Google, Facebook and Goldman Sachsso reduce the team to “ex-blast” would be inaccurate.

The next plasma steps

The company recently announced to launch an application for consumers called soon Plasma Onethat the team has described as a “NEOBANCO“Native of Stablecoinsdesigned to facilitate savings, expenses and shipments of digital dollars.

The last integration with Chainlink It could be a balm to Plasmaattract more developers and integrations with more than 100 decentralized finance protocols (DEFI), at a time where rumors have generated skepticism.

The movement could be seen as an effort of the project to recover momentum after an agitated debut and where Stablecoins They represent a new form of “money 2.0” for accessible global transfers. Plasmawhich already integrated more than USD $ 1 billion in deposits during its initial phase, now seeks to consolidate as a leader in payments with the support of giants such as Chainlink.


Article written with the help of AI, edited by Diariobitcoin

Image generated with AI tool, under free use license

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