Overview
- The Nasdaq-listed company said the Oct. 16 purchase is its second major crypto investment after FLUID.
- The move fits a $100 million plan to build a pure-play portfolio of assets that support stablecoins.
- StableX said Chainlink underpins price oracles and proof-of-reserve checks used by issuers such as USDT and USDC.
- The firm did not disclose how many LINK tokens it acquired or the size of its exposure.
- StableX highlighted Chainlink’s ties with Swift, UBS, S&P, and the U.S. Department of Commerce and cited a 68% share of the decentralized-oracle market.