Chainlink
Why Chainlink is up 4.1% today
Analysis
Chainlink (LINK) rose 4.1% over the past 24 hours as market participants reacted to institutional crypto infrastructure news that can bolster demand for oracle and settlement connectivity. CoinDesk reported that Standard Chartered is offering RLUSD custody in Dubai and is planning a collateral link with LMAX, reinforcing momentum around regulated token custody and collateral workflows—areas where Chainlink is commonly viewed as relevant plumbing in the broader ecosystem.
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.