Analyses
Daily News Summary 2/10
October 2, 2024
Taurus Partners with Chainlink
Swiss digital asset manager Taurus has partnered with Chainlink to accelerate the adoption of tokenized assets by financial institutions. As part of this collaboration, Taurus will leverage Chainlink’s platform to expand real-world assets (RWAs) and enable cross-chain compatibility. This includes utilizing Chainlink’s data services for market prices, reference information, and identity verification, along with the integration of the Cross-Chain Interoperability Protocol (CCIP).
Rapid Growth in Stablecoin Payments in Africa
According to Chainalysis’ latest report, stablecoin transactions now account for about 43% of the total transaction volume in the Sub-Saharan African region. The surge in stablecoin payments is primarily driven by the devaluation of local currencies. The shift toward increased crypto usage is largely attributed to the declining purchasing power of fiat currencies in the region.
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