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Chainlink Labs has officially joined the Global Alliance for KRW Stablecoin (GAKS), a South Korean initiative led by WEMADE to promote adoption and standardisation of KRW-backed stablecoins. The alliance unites security firms, fintech companies, and blockchain infrastructure developers, and Chainlink’s inclusion strengthens technical capabilities while enhancing credibility.
By leveraging its oracle technology, Chainlink ensures KRW stablecoins remain transparent, reliable, and compliant. Its participation positions the network as a central player in setting global technical standards, bridging blockchain networks with real-world data, and supporting institutional adoption. Major financial institutions already rely on Chainlink’s oracles, signalling that KRW stablecoins under GAKS meet high regulatory and security benchmarks.
The partnership has also impacted LINK’s market dynamics. LINK saw a modest price rebound, partially driven by whale accumulation and reduced sell-side pressure. On-chain data suggests informed investors view current levels as a value opportunity. By connecting LINK’s utility to South Korea’s regulated stablecoin sector, the network reinforces its role as critical infrastructure for tokenised assets and institutional finance, supporting potential price stability and long-term demand.
Chainlink Labs has joined the Global Alliance for KRW Stablecoins (GAKS). It is led by WEMADE, a platform with over 600 million users. The alliance aims to advance stablecoin standards in Korea. Chainlink will contribute its expertise in data, interoperability, compliance, and privacy to help establish robust, secure, and standardized KRW-backed stablecoins.
Key Chainlink Levels to Watch – February 3
Chainlink has broken below the $11.70 support after several failed recovery attempts. The brief sideways consolidation has ended, allowing the broader downtrend to resume. Price is now declining toward the $8.00 support zone. The Hull Butterfly Oscillator confirms bearish conditions, guiding crypto signals to maintain a downside bias and monitor reactions at demand levels.
Key Chainlink Levels
Resistance Levels: $14.230, $19.770
Support Levels: $10.00, $8.00
LINK Metrics
Total Market Capitalization: $2.64T
Chainlink Market Capitalization: $6.8B
Chainlink Volume: $923M
Market Rank: #16
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