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Coinbase Bridges Base To Solana: Broader Market Implications
Benzinga· 2025-12-08 15:21
Core Insights - Coinbase Global Inc. has launched a bridge connecting its Base layer-2 network with Solana, enhancing blockchain interoperability and asset movement across crypto ecosystems [1][10] Group 1: Bridge Functionality and Security - The Base-Solana bridge utilizes Chainlink's Cross-Chain Interoperability Protocol for seamless transfers of SOL and Solana Program Library tokens into Base applications, marking a significant connection between Ethereum Virtual Machine-compatible networks and Solana's non-EVM architecture [2] - A dual-verification security model is employed, where both Coinbase and Chainlink node operators validate cross-chain messages, addressing historical security concerns in decentralized finance bridge protocols [3] Group 2: Strategic Context and Market Positioning - The bridge launch positions Base as more than just an Ethereum layer-2 network, with approximately $4.5 billion in total value locked, supporting Coinbase's vision of bringing all assets on-chain [6] - Coinbase aims to establish itself as the leading financial app by integrating various asset classes, including stocks and prediction markets, as part of its "everything exchange" vision [7] Group 3: Integration and User Engagement - The bridge allows direct trading of Solana-native tokens within Base applications without wallet switching, enhancing user experience and engagement across both ecosystems [5] - Several decentralized applications, including Zora and Aerodrome, have integrated the bridge, facilitating immediate distribution and usage [5] Group 4: Market Implications and Future Outlook - The Base-Solana bridge signifies a shift towards a more interconnected Web3 landscape, with plans for further integrations via Chainlink's CCIP infrastructure [10] - Vanguard's decision to open its platform to Solana ETFs indicates growing institutional acceptance of alternative layer-1 blockchains, which the bridge could further accelerate [11] - Despite the technical advancements, market reaction has been muted, with SOL trading below $140, reflecting broader altcoin weakness [12] Group 5: Competitive Landscape - The launch positions Base as a potential liquidity hub for both Ethereum and non-EVM ecosystems, providing Solana with a critical onramp to Ethereum and institutional capital [13] - Interoperability solutions like the Base-Solana bridge may determine which networks capture user activity and capital flows, marking a defining moment for both ecosystems in a multi-chain future [14]
X @Chainlink
Chainlink· 2025-12-04 19:05
Base meets Solana. Connected by Chainlink.The Base-Solana Bridge is now live & secured by CCIP, unlocking native Solana asset support on Base and unified liquidity between both ecosystems.@Base 🤝 Chainlink 🤝 @Solanahttps://t.co/iFwsD4VKv0Base (@base):The Base-Solana bridge is now live. https://t.co/5lAyn8VP3n ...
ISO 20022-Compliant Stablecoins—Are USDT, USDC Compatible With TradFi Standards?
Yahoo Finance· 2025-11-27 09:30
Core Insights - ISO 20022 has become the universal standard for financial messaging, replacing SWIFT's legacy format on November 22 [1][5] - The integration of stablecoins and tokenized deposits is a significant advantage of the new standard, allowing for a broader range of digital asset transactions [1][5] - Not all stablecoins are equally integrated into ISO 20022 systems, highlighting the need for standardized identifiers for effective use [5][6] Summary by Sections How ISO 20022 Treats Stablecoins - ISO 20022 is asset-agnostic, allowing for the description of various settlement assets, including traditional fiat transfers, tokenized swaps, and stablecoin payments [2] - The standard does not endorse or prohibit any specific stablecoin, functioning instead as a messaging language for banks and market infrastructures [2] Identifier Codes for Crypto - The traditional ISIN system is being supplemented by ISO 24165, which provides unique alphanumeric codes for blockchain-based digital assets [3] - Most mainstream stablecoins now possess Digital Token Identifiers (DTI) for each instance across different networks, facilitating their identification [3] Compliance and Integration - The notion that some blockchains are compatible with ISO 20022 while others are not is misleading; the focus should be on whether a stablecoin can be clearly identified within ISO 20022 flows [6] - For deep integration into traditional finance, stablecoins require universally accepted DTI registrations that are mapped to an official ISIN [6]
Bank of England Working to Synchronize Blockchains With National Payment System
Yahoo Finance· 2025-10-16 14:12
Core Insights - The Bank of England (BoE) is focusing on integrating blockchain interoperability into the U.K.'s national payments infrastructure [1][7] - The upgraded RT2 system aims to support 24/7 settlement and enhance cross-border payment flows through ISO 20022 messaging [2][3] - The BoE plans to establish a "synchronization lab" in 2026 to explore real-world applications of blockchain synchronization [4][7] Payment Infrastructure Upgrade - RT2, launched in April, underpins key U.K. bank transfer systems like Faster Payments, CHAPS, and Bacs [2] - The previous real-time gross settlement (RTGS) system was limited to business hours and outdated messaging standards, which hindered interoperability [2] - The new RTGS system aligns with international standards and aims to facilitate seamless global payment flows [3] Blockchain Synchronization - The BoE intends to utilize central bank money for settling tokenized asset transactions, potentially eliminating the need for stablecoins or intermediaries [5] - This approach could significantly drive blockchain adoption among banks, payment companies, and e-money institutions, as central bank liability is highly valued in the institutional hierarchy of money [5]
Saudi Arabia's Largest Bank SAB Taps Chainlink To Power Onchain Finance in the Kingdom
Yahoo Finance· 2025-09-17 12:17
Core Insights - Chainlink (LINK) is expanding its presence in Saudi Arabia through a partnership with Saudia Awwal Bank (SAB), which has over $100 billion in assets, to adopt blockchain infrastructure for on-chain finance [1][7] Chainlink Infrastructure - SAB will utilize Chainlink's Cross-Chain Interoperability Protocol (CCIP) and Chainlink Runtime Environment (CRE) to support the region's digital transformation efforts [2] - CCIP facilitates secure cross-chain asset transfers, bridging decentralized applications (dApps) and traditional finance platforms, while CRE serves as a toolkit for developers [2] Recent Developments - This partnership follows SAB's recent agreement with Wamid to explore capital market tokenization [3] - Chainlink has launched tools for traditional finance products across multiple blockchains and a multi-chain compatible version of Tether Gold [4] - The company has also collaborated with the U.S. Department of Commerce to disseminate important economic data across various chains [4] Market Performance - Chainlink's recent adoption has positively impacted LINK's market performance, with the token trading up 117.5% over the past year at $23.16 and a market cap of $15.7 billion [6][7] - The total value secured by the network is approximately $62.93 billion [6] Additional Initiatives - In August 2025, Chainlink launched an on-chain LINK reserve, accumulating 280,049 LINK valued at around $6.5 million, with an average cost basis of $22.44 per token [8] - Despite a recent decline of 1.91% in the past 24 hours, LINK reached a high of $26.74 earlier in 2025 [8]
X @Chainlink
Chainlink· 2025-09-16 21:22
Collaboration and Innovation - Saudi Awwal Bank (SAB), with over $100 billion in total assets, is collaborating with Chainlink to advance onchain finance in Saudi Arabia [1] - The collaboration aims to experiment with secure blockchain interoperability [2] - SAB is committed to driving financial innovation in Saudi Arabia through this partnership [2] Technology Adoption - SAB is leveraging Chainlink's Cross-Chain Interoperability Protocol (CCIP) and Chainlink Runtime Environment (CRE) [1] - This adoption facilitates the deployment of next-generation onchain applications in Saudi Arabia [1]
X @Omni Network
Omni Network· 2025-09-12 11:00
From sept 8 - @OxNimi:“Ethereum. Solana. Avalanche. Base… none of them connect in a way that feels natural. then I found @OmniFDN.”Nimi⚡ (@OxNimi):Ethereum. Solana. Avalanche. Base.Each one runs like a separate universe. None of them connect in a way that feels natural.I started wondering if anyone had actually solved this mess. That’s when I found @OmniFDN.For developers, this means apps get stuck. Expanding means https://t.co/YDe8173CBE ...
X @Polyhedra
Polyhedra· 2025-09-03 15:30
Partnerships & Recognition - Aethir Ecosystem spotlighted Polyhedra Network's co-founder, Tiancheng Xie [1] - The partnership highlights the collaboration between Aethir and Polyhedra Network [1] Technology & Innovation - Tiancheng Xie holds a Ph D in Computer Science from UC Berkeley [1] - He co-authored a paper on trustless blockchain interoperability [1] - Polyhedra Network is building the future of Intelligence [1]
X @CoinDesk
CoinDesk· 2025-07-30 16:14
One step closer to the interoperability that blockchain promised: @Coinbase and @JPMorgan have announced that @Chase points will be interchangeable with $USDC in 2026.📷 : @jessepollak https://t.co/18RqlrDnQ5 ...