A Boost for Security and Development

The Stellar (XLM) network is set to enhance its capabilities by integrating Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This move will provide Stellar with the battle-tested security of CCIP’s consensus layer, which is powered by the Chainlink Decentralized Oracle Network. This underlying technology has a strong track record, having helped secure over $100 billion in total volume across the Decentralized Finance (DeFi) ecosystem.

For developers and institutions building on Stellar, the integration unlocks production-ready interoperability. It will enable advanced functions, including token-agnostic transfers and programmable token transfers. By adopting Chainlink’s data standards, Stellar aims to significantly expand the potential for DeFi applications on its network.

A Vision for a Unified Financial System

Raja Chakravorti, Chief Business Officer at the Stellar Development Foundation, stated that the integration brings the network a step closer to a unified on-chain financial system. He envisions a future where real-world assets and DeFi can coexist seamlessly on the platform.

Following the news, both the XLM and Chainlink (LINK) tokens experienced slight gains as the broader cryptocurrency market attempted to recover from a recent sell-off.