🚨 JUST IN: Coinbase integrates Chainlink’s Proof of Reserves to boost transparency for its cbBTC holdings. https://t.co/CMxpGtpxOj
Independently verify cbBTC Proof of Reserves onchain with @chainlink. ↓ https://t.co/BEUCy8F5Gk
Coinbase is utilizing Chainlink Proof of Reserve to increase the transparency of $4.6B+ worth of cbBTC reserves. Proof of Reserve helps @coinbase ensure cbBTC reserves are verifiable onchain, with data published on @base & @ethereum. BTCFi scales with Chainlink. https://t.co/P06Gkgbb20



At the Bermuda Digital Finance Forum, attendees used the USDC stablecoin to pay local merchants, marking Bermuda's adoption of onchain payments for fast, secure, and fully digital transactions. Separately, Coinbase has integrated Chainlink's Proof of Reserves technology to enhance transparency for its cbBTC holdings, which are valued at over $4.6 billion. This integration allows users to independently verify onchain that cbBTC reserves are backed 1:1 by Bitcoin, with data published on the Base and Ethereum blockchains. The move aims to increase trust and verifiability within the decentralized finance (DeFi) ecosystem.