US EditionTheStandard Powers USDs Redemptions With Chainlink Automation, Functions
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TheStandard Powers USDs Redemptions With Chainlink Automation, Functions
Decentralized, over-collateralized stablecoin protocol TheStandard has integrated Chainlink Automation and Chainlink Functions to power secure, data-driven redemptions for its USD-pegged stablecoin, USDs. The redemption mechanism allows holders to burn USDs in exchange for underlying collateral when the stablecoin dips below its target value. This ensures USDs maintains its peg by helping to restore market confidence and incentivizing arbitrage.…
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