Chainlink
Why Chainlink is down 1.1% in the last hour
Analysis
Chainlink (LINK) slipped 1.1% over the past hour as market attention shifted toward broader institutional stablecoin and custody developments rather than LINK-specific catalysts. CoinDesk reported Standard Chartered is offering RLUSD custody in Dubai and plans a collateral link with LMAX, a headline that may have redirected near-term flows without directly benefiting LINK, contributing to modest downside pressure.
Contributing Factors (1)
Standard Chartered offers RLUSD custody in Dubai and plans LMAX collateral link
Ripple previously gave LMAX $150 million in financing to integrate RLUSD into its institutional infrastructure.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.