Chainlink allows CBDC-stablecoin swap in HK pilot.
LINK breaks $15 as volatility drops and momentum builds.
Rising LINK derivatives sign sturdy bullish positioning.
Chainlink (LINK) has captured recent investor curiosity after Chainlink’s CCIP efficiently enabled a Hong Kong CBDC and an Australian greenback stablecoin swap.
We’re excited to share that Chainlink is facilitating the safe alternate of a Hong Kong CBDC and an Australian greenback stablecoin as a part of an ongoing use case in Part 2 of the e-HKD+ Pilot Program.
Congratulations to contributors @Visa, ANZ, China AMC, and Constancy… pic.twitter.com/ts2C6Vt4Ul
— Chainlink (@chainlink) June 9, 2025
Following the announcement, LINK rebounded from a key assist stage and surged previous $15.00, buoyed by each technical energy and rising real-world adoption of Chainlink’s CCIP.
Notably, Chainlink’s function in enabling cross-border funds has reignited optimism in regards to the long-term worth proposition of its native token, LINK.
LINK value edges larger as volatility tightens and momentum builds
LINK is at present buying and selling close to $15.08 after posting a 9.1% acquire over the previous 24 hours, outperforming each Bitcoin (BTC) and Ethereum (ETH) in relative phrases.
LINK’s present surge comes on the again of a powerful rebound from the $12.64 assist stage, the place bulls defended aggressively following weeks of downward consolidation.
A transparent V-shaped restoration has now emerged on the day by day chart, with LINK pushing by way of the $14.10 resistance cluster and approaching the following essential zone between $14.49 and $15.22.
As well as, technical indicators reveal a tightening volatility regime, with 30-day volatility dropping to 60.80% from a latest peak of 81.11%, suggesting an impending breakout.
Rising derivatives quantity — up 28.25% to $621.23 million — and a 3.02% improve in Open Curiosity to $587.42 million present that merchants are positioning for a continuation transfer.
Regardless of a rise of 36,286 LINK on exchanges, doubtless indicating strategic positioning, momentum stays bullish as cascading brief liquidations could gas additional upside.
Total, the broader market construction stays intact so long as LINK holds above $12.64, with sentiment persevering with to show optimistic amongst each retail and institutional traders.
With liquidation heatmaps exhibiting dense brief positions between $14.10 and $14.49, a decisive break above $15.22 might set off a squeeze towards the $16.00 stage.
Chainlink’s use in Hong Kong’s CBDC is fueling the bullish momentum
The Hong Kong Financial Authority (HKMA), in collaboration with main monetary gamers together with Visa, ANZ, Constancy Worldwide, and ChinaAMC, chosen Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to allow cross-border digital asset settlement in its CBDC pilot challenge.
Notably, the profitable take a look at that noticed an Australian investor use the A$DC stablecoin, collateralised in AUD and issued on Ethereum, buy a tokenised fund from a Hong Kong-based asset supervisor has elevated Chainlink’s profile within the world monetary infrastructure narrative.
Within the pilot, Chainlink’s CCIP bridged ANZ’s personal DASchain with Ethereum’s public Sepolia testnet, enabling atomic swaps between the A$DC and Hong Kong’s CBDC, e-HKD, with out intermediaries.
The take a look at demonstrated how CCIP can allow seamless interplay between permissioned and permissionless blockchains in regulated environments.
The take a look at additionally utilised ERC-20 wrapped e-HKD tokens to finish the settlement, with Chainlink’s infrastructure making certain Cost-versus-Cost (PvP) mechanisms and compliance integrity throughout each chains.
The e-HKD+ pilot program, now in Part 2, is anticipated to proceed exploring use instances for tokenisation and programmable settlement all through 2025, with outcomes prone to affect CBDC improvement trajectories.
Though LINK tokens weren’t straight used within the transaction, the market has responded to Chainlink’s increasing real-world utility and relevance in institutional finance.
