Chainlink Expands LG Tech Arm Tie-Up Into Formal Partnership on Korean Stablecoins

Chainlink and LG CNS , the technology arm of South Korea’s LG Group, announced a strategic partnership on Oct. 22, widening a relationship the two companies set up just over two weeks earlier. On Oct. 6, LG CNS unveiled KITL , a blockchain infrastructure platform, and signed memorandums of understanding with five blockchain firms: Circle, Securitize, the Canton Foundation, Chainalysis and Chainlink. LG CNS said it would work on pairing KITL with Chainlink’s services, Korean daily Financial News reported , describing Chainlink as a supplier of outside information, including currency exchange rates and fund prices, to blockchains and as a bridge between separate chains. The Oct. 22 agreement lays out a more detailed scope.

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