StableX Makes a Crypto Power Move by Snagging Chainlink Tokens!

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Hold onto your hats, folks! 💥 StableX is back at it again, grabbing some shiny Chainlink tokens like a kid in a candy store. This move follows their earlier purchase of FLUID tokens-because why settle for one when you can have two? 😎

  • StableX grabs Chainlink tokens to level up their stablecoin game. 🚀
  • This is StableX’s second big purchase after scooping up FLUID tokens. Because who doesn’t love a good sequel? 🎬
  • StableX’s $100M plan? Grab all the tokens that help stablecoins stay stable (duh). 💸

Stablecoins are going from “eh” to “oh wow” real quick, and so are the networks behind them. On Thursday, Oct. 16, Nasdaq-listed StableX Technologies made headlines by snatching up Chainlink (LINK) tokens as part of their grand $100 million crypto strategy. Because, clearly, if you’re gonna go big, you better go with the best. 💪

According to the big wigs at StableX, Chainlink is the glue that holds stablecoins together. It’s like the duct tape of the crypto world-keeping everything, you know, stable. This acquisition fits perfectly into StableX’s master plan to create a rock-solid stablecoin infrastructure empire. 🏰

“Our investment in Chainlink (LINK) is the cornerstone of StableX’s strategy,” said James Altucher, StableX’s Digital Treasury Asset Manager. “We believe Chainlink is uniquely positioned to ride the wave of stablecoin growth, powering critical functions like price feeds and proof-of-reserve verification for big players like USDT and USDC.” 🧐

Chainlink: The Unseen Hero of Stablecoins (According to StableX)

So why is StableX so obsessed with Chainlink? Well, for starters, it’s the lifeblood of stablecoins. Chainlink provides real-time data that keeps stablecoins glued to their underlying assets. Think of it like a GPS for stablecoins-keeping them on track no matter what. Oh, and let’s not forget the proof-of-reserves-Chainlink’s the go-to for that too. 🔑

“With partnerships from the likes of Swift, UBS, S&P, and the U.S. Department of Commerce, Chainlink is rapidly becoming the backbone of both decentralized and traditional finance,” said StableX, probably while sipping a fancy coffee. “Holding a 68% share of the decentralized oracle market, LINK was a no-brainer for us as we build the first-ever pure-play stablecoin portfolio.” 🎯

In case you missed it, this deal follows StableX’s investment in FLUID. But hey, no one’s saying exactly how many Chainlink tokens were part of the deal. Maybe they’re keeping that a secret, like a magician with a very big hat. 🧙‍♂️✨

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2025-10-16 23:27