USDD Integrates Chainlink Price Feeds Across Ethereum, BNB Chain, and Tron

• USDD has adopted Chainlink Price Feeds, bringing standardized pricing data to Tron, Ethereum, and BNB Chain.
• Grayscale’s GLNK on NYSE Arca gives LINK exposure via brokerages, with 0% fees for three months before rising to 0.35% annually.

USDD has adopted Chainlink Price Feeds, making its pricing data consistent across Tron, Ethereum, and BNB Chain. Chainlink confirmed that the stablecoin is now using the Chainlink data standard, with feeds delivered through Chainlink’s oracle network on each supported chain. The change is meant to provide reliable reference prices for DeFi apps that depend on on-chain market data.

According to Chainlink’s update, USDD has more than $1.1 billion in circulating value and is Tron’s largest native stablecoin. It added that USDD pricing is now exclusively powered by Chainlink Price Feeds, giving users and developers access to the same data standard across the three networks.

Last year, CNF noted that TRON DAO embraced Chainlink Data Feeds to enhance pricing precision in DeFi apps on its platform. The decision made Chainlink the main oracle provider for TRON and replaced the previous system, WINkLink.

Chainlink Price Feeds for Cross-chain USDD Markets

Chainlink Price Feeds deliver on-chain pricing data by aggregating information from multiple sources through decentralized oracle networks. With this integration, USDD-related applications on Tron, Ethereum, and BNB Chain can reference the same oracle framework for pricing inputs used in lending, trading, and collateral management. 

This also limits the need for separate pricing setups on each network, which can differ depending on the platform.

Chainlink stated that USDD pricing data is now exclusively supported through its Price Feeds across the three chains. Developers building with USDD can use these feeds to support smart contract functions that require timely valuation and automated execution. 

In the meantime, Grayscale has recently introduced another LINK product to traditional markets through the introduction of GLNK on NYSE Arca. It offers investors exposure to the token using standard brokerage accounts without the need for direct crypto custody.

Grayscale also offered an initial three months of 0% management fee or until the fund has an asset base of at least $1 billion under management. Once the introductory period is over, GLNK will have an annual fee of 0.35%.

Grayscale has described Chainlink as core infrastructure for DeFi and tokenized assets, while also warning that the product remains high risk and volatile.

At the time of reporting, LINK and ETH changed hands at $12.7 and $3,220, respectively. BNB was at $925, with all three altcoins recording minor intraday drops.