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Chainlink Co-Founder Pushes Unified Compliance Model as LINK Eyes $38 Breakout
- LINK trading volume surged 90% as analysts forecast a breakout toward $38.
- Nazarov emphasizes the importance of stablecoin regulation boosting demand for proof-of-reserves systems.
- Chainlink provides compliance, cross-chain, and reserve tools in a unified framework.
- Despite LINK's recent short-term dip, traders anticipate bullish continuation.
- Sergey Nazarov sees Chainlink at the forefront of the inevitable wave of tokenized assets with incoming stablecoin regulations in the U.S.
- He highlights the need for proof of reserves, cross-chain compatibility, and compliance tools for new stablecoins.
- As blockchain adoption rises in tokenized assets and stablecoin payments, Chainlink aims to meet the demand for on-chain identity and compliance.
- Chainlink's current trading price is $13.50, with recent declines but a notable surge in trading volume.
- Market analysts foresee a potential bullish trend for LINK, with targets set around $32-$38.
- Nazarov points to Chainlink's Cross-Chain Interoperability Protocol (CCIP) and Compliance and Risk Engine (CRE) as crucial features for developers.
- The integrated approach of Chainlink positions it uniquely as blockchain infrastructure evolves to meet growing global demand for secure and compliant digital assets.
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