TLDR
- Chainlink was named an official data oracle for Open USD (OUSD), which launched Sept. 30 on Base, Ethereum, Solana and Tempo.
- Coinbase, Mastercard, Shopify, Stripe and Visa committed more than $1 billion in launch liquidity for OUSD.
- Aave Labs proposed adding OUSD to Aave V3 and V4, with Chainlink feeds still pending production.
- Grayscale bought 629,100 LINK in September, and Bitwise filed to stake 20% of its Chainlink ETF holdings.
- LINK’s weekly structure turned bullish, with the token holding a demand zone just under $14.
Chainlink (LINK) has been named an official data oracle for Open USD (OUSD), a new stablecoin from Open Standard. The stablecoin went live on Sept. 30 with more than $1 billion in launch liquidity committed by five founding partners.
Those partners are Coinbase, Mastercard, Shopify, Stripe and Visa. Open Standard said the group is investing in the company and helping set up the near-term liquidity.
OUSD is live on Base, Ethereum, Solana and Tempo. Businesses can mint and burn it one-to-one with U.S. dollars, with no mint or burn fees.
Access runs through Stripe, Mastercard, Visa and Coinbase. Mastercard offers OUSD through BVNK, while Visa uses its Stablecoin Platform, which is still in beta.
Bridge, a Stripe-owned company, issues OUSD. Reserves are held at BlackRock, Lead Bank and BNY, and monthly attestations are expected through Bridge.
Chainlink’s Role in OUSD
Chainlink said Open Standard had standardized on its infrastructure as an official oracle. The network said its technology can support collateral, trading, lending, margin products, liquidity pools and yield vaults.
NEW: @openstandard has standardized on Chainlink as an official data oracle for Open USD.
Supported by 200+ financial giants like @Stripe, @Mastercard, and @Visa, OUSD brings zero-cost mint/burn mechanics and shared rewards to onchain finance.
Open Standard
Chainlink https://t.co/h1Vf7wO5kv pic.twitter.com/uDl44DMnKL
— Chainlink (@chainlink) September 30, 2026
Oracles feed outside data, such as asset prices, to smart contracts. Lending markets and decentralized exchanges rely on these feeds for pricing.
Aave Labs has proposed adding OUSD to Aave V3 on Ethereum and the Aave V4 Core Hub. Under the plan, OUSD could be supplied and borrowed, but not used as collateral at first.
The proposal listed the oracle setup as pending. Final risk settings will come after Chainlink feeds enter production.
Chainlink also recently launched Cross Chain Interoperability Protocol 2.0, or CCIP 2.0. The upgrade gives institutions more control over how assets move between chains.
On the fund side, Grayscale bought 159,480 LINK worth $2.36 million through its Chainlink ETF. Its September purchases totaled 629,100 LINK, worth about $8.3 million.
Bitwise filed a new SEC prospectus for its own Chainlink ETF. The filing would put 20% of the fund’s holdings toward staking.
LINK Price Levels to Watch
On the weekly chart, LINK has turned its structure bullish, according to AMBCrypto analysis. The token broke above the $10.87 swing level from May in mid-August and retested it as support.
That retest set up a move toward the next key level at $15.01. The DMI indicator showed a strong uptrend, while the RSI was not overbought.
On-balance volume has been recovering since July, pointing to steady buying. A drop below $10.60 would be the first sign of weakness on the weekly chart.
On the 4-hour chart, LINK pulled back from $15.77 to just under $14. That area is a demand zone that acted as resistance in late August, and buyers have defended it so far.
A drop to $12.85 is possible if Bitcoin falls below $80,000. The 4-hour structure stays bullish as long as LINK holds above $12.05.
The post Chainlink (LINK) Price: Network Named Official Oracle for Open USD Stablecoin appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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