Chainlink
Why Chainlink is down 1.4% in the last hour
Analysis
Chainlink (LINK) slipped 1.4% over the past hour amid broader market caution as attention shifted to institutional stablecoin infrastructure rather than LINK-specific catalysts. CoinDesk reported Standard Chartered launching RLUSD custody in Dubai and planning a collateral link with LMAX, a development that may have diverted short-term flows toward stablecoin and custody narratives instead of oracle tokens.
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
Moderate confidence. Multiple factors may be contributing.