Sunday, May 19, 2024
HomeCryptocurrencyWingRiders DEX That Brings USDT and USDC Stablecoins to Cardano Has Launched...

WingRiders DEX That Brings USDT and USDC Stablecoins to Cardano Has Launched On Mainnet

WingRiders, a Cardano-based decentralized exchange (DEX), which promises to bring Tether (USDT) and USD Coin (USDC) stablecoins, has recently launched on the Cardano mainnet.

The new development was announced via the WingRiders team’s official Twitter handle. This is the development many Cardano community members, including Charles Hoskinson, have been waiting for.

Read Also: Number of Cardano-Based Smart Contracts Surpasses 2,000 for First Time Ever

In a blog post captioned in the tweet, the WingRiders team announced its partnership with Milkomeda and Flint to implement Ethereum Virtual Machine (EVM) on the Miklomeda sidechain protocol, which runs on wADA (‘wrapped ADA’).

Milkomeda, dcSpark’s new sidechain project, enables EVM-compatible smart contracts to be executed on the Cardano mainnet. Also, the project promises to deliver interoperability between Cardano and other layer-one blockchains

According to the report, the DEX WingRiders is coming to Cardano with two top stablecoins, USDC and USDT.

The team initiated the first-ever USDC transaction on Cardano mainnet and shared the link to the transaction history with the community.

WingRiders DEX That Brings USDT and USDC Stablecoins to Cardano Has Launched On Mainnet
Source: Cardanoscan.io

Read Also: Charles Hoskinson’s Response to a Question Related to Burning of Cardano (ADA)

The blog post further state that “WingRiders’ aim is to complete the journey of ERC20 tokens to the Cardano mainnet. With this partnership in place (Milkomeda and Flint) this functionality will be available from WingRiders DEX mainnet launch. This means that it will be relatively easy in the future to begin to include the more popular and common ERC-20 token pairs with Cardano native tokens on the WingRiders platform.

WingRiders is a project developed by Slovakian FinTech startup Vacuumlabs, which is a software development company that builds modern full stack fintech solutions for startups, scale-ups, and incumbent banks.

<

Vacuumlabs became familiar with Cardano back in 2018 when its developers started working on AdaLite, a project that has now become a popular web-based Cardano wallet.


Follow us on Twitter, Facebook, Telegram, and Google News

Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
RELATED ARTICLES

Latest News & Articles