Paxos (PAX) has partnered with oracle provider Chainlink (LINK) to boost the adoption of its assets in the DeFi market, as revealed in a press release issued on Jan. 14.

• The initial integration sees the DeFi market gets price feed data on Paxos (PAX) and PAX Gold (PAXG)
• As has been the case with REN, Chainlink will use on-chain Proof of Reserve data feeds to confirm that the assets are fully backed by USD and gold bars
• The team states that the integration will boost the use of the two assets as a trusted form of collateral on DeFi applications
• The PAX stablecoin is behind DAI, USDC, and USDT, all of which are used considerably more in the DeFi market
• While it has been lagging when it comes to DeFi, Paxos’ has notched up a few successes in other ways, being the company that handles PayPal and Revolut’s crypto services