- CAP uses Chainlink oracles on Ethereum to secure accurate pricing for cUSD without third-party dependency.
- This integration helps strengthen cUSD’s credibility in DeFi through transparent and tamper-proof data feeds.
Stablecoins are becoming hotter. This time it’s CAP’s turn to shine with their latest action: supporting their stablecoin, cUSD, by integrating Chainlink Price Feeds into the Ethereum network. Even when the market is on a rollercoaster, this integration is to preserve price accuracy and guarantee that the minting process and stablecoin delegation are transparent and resilient.
.@capmoney_ has integrated Chainlink Price Feeds on @ethereum to power its decentralized, interest-bearing cUSD stablecoin.https://t.co/w1qnPKTgzw
Backed by fully collateralized and restaked assets, cUSD uses Chainlink to provide stronger assurances that stablecoin minting and… pic.twitter.com/z7QAgSrIVT
— Chainlink (@chainlink) April 17, 2025
Leveraging Chainlink for Tamper-Resistant Price Validation
Imagine if you were pledging your house to borrow money, but the price of your house changed every second. Well, cUSD needs reliable price data so that it doesn’t make you dizzy. Chainlink Price Feeds is here to provide the solution.
With a distributed oracle network, price data from various exchanges is collected and filtered to be free from manipulation such as wash trading. Then, the data is sent to a smart contract without the need for a third party. Simple, but crucial.
Furthermore, CAP’s move strengthens cUSD’s position in the DeFi ecosystem. On the one hand, users are more confident in using cUSD for activities such as lending or trading, because they know that the value of their stablecoin is not arbitrary.
On the other hand, this integration shows that stablecoin projects can no longer rely solely on traditional approaches. Transparency and data accuracy are non-negotiable.
This integration also comes amidst Chainlink’s growing collaboration with other institutions. CNF previously reported that Ether.fi has adopted Chainlink Proof of Reserve (PoR) on the Ethereum mainnet.
Interestingly, Ether.fi’s eETH allows users to remain liquid while earning staking and restaking returns. This means that users can continue to participate in DeFi activities such as trading and lending without losing staking returns.
On the other hand, there are also moves from large institutions. PayPal announced earlier this month that it was adding support for LINK and SOL tokens to the PayPal and Venmo apps. Users in the US can now buy, hold, or sell the two tokens directly from their mobile phones.
Not only that, Fireblocks has also entered the arena. On April 18, they partnered with Chainlink Labs to help banks and financial institutions build secure and regulated stablecoins. The solution includes on-chain reserve verification and cross-chain capabilities.
Boosting Stablecoin Trust Through Proven Oracle Networks
If we draw a red line, CAP is not just following the trend. They seem to want to play long-term. By utilizing Chainlink, CAP does not need to bother building infrastructure from scratch. Moreover, Chainlink has proven to be resilient in terms of reliability and data security. For DeFi users, this means less drama and more certainty.
In addition, on the same day—April 18, 2025—Chainlink Labs also signed an MoU with Abu Dhabi Global Market. Both parties want to develop a regulatory asset tokenization framework.
This is not only about legality but also about increasing trust in the blockchain ecosystem. Imagine if real assets such as property or bonds could be tokenized in a transparent and secure manner. This presents a novel opportunity for investors worldwide.
Meanwhile, as of press time, LINK is swapped hands at about $12.60, up 1.67% over the last 24 hours and still sideways in the last 7 days.
