Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create a stable cryptocurrency that can be used like digital dollars. Coins that serve this purpose of being a stable dollar substitute are called “stable coins.”
Cardano is a decentralised platform that will allow complex programmable transfers of value in a secure and scalable fashion. It is one of the first blockchains to be built in the highly secure Haskell programming language. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.
While WingRiders comes to reinforce the ecosystem DeFi a movement encouraging alternatives to traditional, centralized forms of financial services. about Cardano, one of its main properties is the fact that it brings with it two of the most popular stablecoins operating in the network a network refers to all nodes in the operation of a blockchain at any given moment in time. of Ethereum.
WingRiders, the decentralized exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. that operates on the Cardano network and about which Charles Hoskinson expressed strong expectations, finally announced today its launch on mainnet, incorporating as its main novelty to bring with it two very popular stablecoins on the Ethereum network: Tether (USDT) and USD Coin a coin can refer to a cryptocurrency that can operate independently or to a single unit of such cryptocurrency. (USDC).
The news was shared by the WingRiders team through its official Twitter account, where he said that the platform is now available to all interested parties, who can make their business operations through the same and use certain currencies that to date had not been announced to operate on the Cardano network.
????????????????Psssst …. Have you heard? We are LIVE on Mainnet????????????????
– WingRiders (@wingriderscom) April 12, 2022
As such, WingRiders is a product of startups Vacuumlands, which is based in Slovakia and is dedicated to the design of software and solutions associated with space. Fintech. They have been working with Cardano since 2018, when they participated in the development of the wallet. AdaLite, one of the best known in this ecosystem.
The ecosystem is strengthened DeFi about Cardano
La llegada de WingRiders adds another participant to the DeFi ecosystem that operates on Cardano, which had as main exponent to SundaeSwap and then added MinSwap y AdaSwap. This platform allows its users to both exchange cryptocurrencies and to participate in Yield Farming.
The project’s White Paper reads:
“ WingRiders aims to be an infrastructure element for the entire Cardano ecosystem, with simple integration into any wallet a place where cryptocurrency users can store, send and receive digital assets. or Dapp. Accessible through many platforms, compatible connectors and hardware wallets such as Ledger a record of financial transactions that cannot be changed, only appended with new transactions. or Trezor. The platform a place to buy, sell and store cryptocurrency will be fully decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. and trustless an environment where there is no centralized authority. to support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. exchanges between native Cardano tokens. “.
On the arrival of USDC and USDT to the Cardano network through WingRiders, his team commented:
“Para WingRiders el objetivo es completar el viaje de los tokens ERC20 tokens designed and used solely on the Ethereum platform. a la red principal de Cardano. Con esta asociación establecida (Milkomeda y Flint), esta funcionalidad estará disponible desde el lanzamiento de la red principal WingRiders DEX. Esto significa que será relativamente fácil en el futuro comenzar a incluir los pares de tokens ERC-20 tokens designed and used solely on the Ethereum platform. más populares y comunes con los tokens nativos de Cardano en la plataforma“.
- AdaSwap, Cardano’s DeFi protocol, is launching a unique NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. marketplace.
- Rapper Snoop Dogg’s NFTs non-fungible token, a unique non-interchangeable piece of digital content that is stored on a distributed ledger (blockchain). are now available on Cardano.
- Wave Financial launches fund to support DeFi projects operating on Cardano’s network
Source: Twitter, CryptoGlobe
Version by Angel Di Matteo / DiarioBitcoin
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