Oracles are the kind of thing nobody pays attention to—until a deal gets signed, and suddenly it’s with the national-team caliber players.
On October 22, Chainlink announced a strategic partnership with LG CNS.
LG CNS is LG Group’s IT arm.
It’s also the prime contractor for the Bank of Korea’s Project Hangang, building the digital currency systems for seven Korean banks.
The target market is South Korea’s $68 billion market, with over 11 million potential users.
There are two focuses: expanding won stablecoins and building infrastructure for tokenized securities.
According to Chainalysis, South Korea’s crypto economy grew about 12% in a year to $449 billion, putting it in East Asia’s top tier.
Oracles used to be about price feeds. Now they’re the ticket for institutions to enter the market compliantly.
When institutions discuss frameworks, the first ones they call out are the data providers.
$LINK is trading around $12 today, with a market cap of about $9.2 billion.
The price has been hammered like this, yet the deals being signed are all at this level.
News like this takes time to play out.
But when it does, it’s worth more than small change.
Retail investors may not understand this business, but institutions have already lined up.
Still think oracles have no story to tell?
Not investment advice
#Chainlink #韩元稳定币 $LINK
On October 22, Chainlink announced a strategic partnership with LG CNS.
LG CNS is LG Group’s IT arm.
It’s also the prime contractor for the Bank of Korea’s Project Hangang, building the digital currency systems for seven Korean banks.
The target market is South Korea’s $68 billion market, with over 11 million potential users.
There are two focuses: expanding won stablecoins and building infrastructure for tokenized securities.
According to Chainalysis, South Korea’s crypto economy grew about 12% in a year to $449 billion, putting it in East Asia’s top tier.
Oracles used to be about price feeds. Now they’re the ticket for institutions to enter the market compliantly.
When institutions discuss frameworks, the first ones they call out are the data providers.
$LINK is trading around $12 today, with a market cap of about $9.2 billion.
The price has been hammered like this, yet the deals being signed are all at this level.
News like this takes time to play out.
But when it does, it’s worth more than small change.
Retail investors may not understand this business, but institutions have already lined up.
Still think oracles have no story to tell?
Not investment advice
#Chainlink #韩元稳定币 $LINK
