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Spartan Hill is Integrating Chainlink Price Feeds to Support New Decentralized Colombian Peso Stablecoin

BREAKING NEWS: spartanhill y daily cop anuncian la integración del oráculo más importante del mercado para fortalecer más la primera moneda descentralizada de Suramérica.

Spartan Hill is Integrating Chainlink Price Feeds to Support New Decentralized Colombian Peso Stablecoin

Spartan Hill is excited to announce that we are integrating Chainlink Price Feeds to help power a new decentralized Colombian Peso stablecoin called Daily (DLY). By sponsoring and using a new Chainlink Price Feed for COP-USD, we can accurately and securely calculate the value of crypto collateral used to mint/burn new DLY stablecoins. In doing so, DLY can run decentralized end-to-end, making it a highly reliable and trusted digital asset for users.

We selected Chainlink because it’s the blockchain industry’s most widely used and time-tested oracle network, helping secure tens of billions of dollars in value for top decentralized finance (DeFi) protocols. Chainlink Price Feeds provide high-quality price data on-chain with extensive market coverage and robust underlying oracle infrastructure, establishing strong protections against downtime and price inaccuracies on a single or small set of exchanges.

Building a Decentralized Colombian Peso Stablecoin

Spartan Hill is a FinTech platform based in South America that offers a comprehensive investment portfolio in cryptocurrencies, stocks, commodities, and secondary markets through advanced trading and risk management algorithms. We offer our clients the ability to establish portfolios in a wide range of markets, helping users diversify their asset holdings based on different risk and market capitalization preferences. Additionally, we have recently launched Pluto, a point-of-sale solution that allows users to directly pay for goods in cryptocurrencies – most notably Bitcoin, Ethereum, and USDT.

Through building DLY, we are introducing a native decentralized stablecoin into South America that’s pegged to th...

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