{"content":"Chainlink Taps Saudi Arabia 🇸🇦 – Partnership with Awwal Bank Boosts Blockchain Finance Chainlink collaborates with Saudi Awwal Bank to enhance Saudi on-chain applications. The apps will use Chainlink's cross-chain integration and runtime environment. Partnership news doesn't help Chainlink pricing. Saudi Arabia's biggest bank, Saudi Awwal Bank (SAB), and Chainlink (LINK) have partnered to improve on-chain lending. The news may increase Chainlink's blockchain use, however the LINK token traded steadily and lost more than 2% this week. On Monday, Saudi Awwal Bank, the First Bank of Saudi Arabia with over $100 billion in assets, announced a collaboration with Chainlink to launch its on-chain financial applications. SAB developers will use Chainlink's CCIP and CRE via this Innovation Co-operation Agreement. The CRE will offer a modular framework for creating apps and accessing numerous APIs, while the CCIP will enable cross-chain transfers. The CCIP is active on 60 chains, with a cumulative transfer volume of $4.34 billion and cross-chain token values exceeding $38.77 billion, according to Chainlink. With Total Value Secured (TVS) above $62 billion, DeFiLlama rates Chainlink as the biggest decentralized oracle network. SAB also announced a similar arrangement with Wamid, a subsidiary of Saudi Tadawul Group, to experiment with tokenizing capital markets, which are worth roughly $2.32 trillion according to Tuesday's Saudi Exchange report. Saudi Arabia's Crown Prince Mohammed bin Salman's Vision 2030 intends to lessen oil dependence via the negotiated agreements. Chainlink maintains key support as bullish impetus fades At press time on Wednesday, Chainlink trades over $23.00, above the 61.8% Fibonacci retracement from the December 13 high of $30.94 to the April 7 low of $10.10, a key support level at $22.98. After a Doji candle on Tuesday, LINK token price activity suggests a V-shaped reversal. Oracle token price might soar to $26.48, the 78.6% Fibonacci retracement level. #Chainlink #LINK #AltcoinSeasonComing? #Write2Earn $LINK $BTC $ETH ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025092025/09/17/93363cceda054da1944f105c22396365.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}