Crypto

Chainlink Breaks Out Above $10.50, Eyes $14.50 as Regulatory Support Boosts Stablecoins

Guavy AI Editorial Team Published August 20, 2026

Instruments

ETH LINK ZRO

Chainlink (LINK) is trading at $10.446 on August 20, down 0.99% from the previous day's surge of over 10%. The price pullback is seen as routine profit-taking rather than a reversal, with LINK still holding above its cup base at $6.50 and within striking distance of the $11 breakout level.

Chainlink co-founder Sergey Nazarov credits regulatory support for record stablecoin adoption, citing the GENIUS Act and increased government debt in stablecoins. This has put the U.S. dollar into more hands globally than ever before, with tokenization of stocks seen as the next area to expand similarly.

Nethermind, an Ethereum infrastructure firm, is leaving its role as a verifier for LayerZero to become a Chainlink node operator, citing a long-term bet on Chainlink's infrastructure.

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