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BTCC / BTCC Square / Global Cryptocurrency /
Chainlink LINK Gains Momentum as Oracle Network Powers Major CBDC Transaction

Chainlink LINK Gains Momentum as Oracle Network Powers Major CBDC Transaction

Author:
Global Cryptocurrency
Published:
2025-06-10 04:50:10
25
3
Chainlink LINK News -

Chainlink's LINK token rebounded to $14.57 on Tuesday, bouncing from a crucial support level after its oracle network facilitated a groundbreaking cross-border CBDC transaction. The protocol enabled secure exchanges between Hong Kong's e-HKD and an Australian dollar stablecoin, with participation from financial giants like Visa and Fidelity.

Derivatives markets show increasing bullish sentiment, with LINK positions reaching a one-month high. The Cross-Chain Interoperability Protocol's involvement in the CBDC pilot highlights Chainlink's growing role in institutional finance—a sector where blockchain infrastructure is becoming mission-critical.

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