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.
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
A recent lawsuit against cryptocurrency exchange Coinbase has reignited the debate surrounding the classification of…
In a recent tweet, prominent cryptocurrency community figure JacktheRippler highlighted the remarkable efficiency of Ripple's…
TLDR Render’s RNDR soars 129.74% after Kenetic Capital's massive transfer. Jupiter's Metropolis Part 1 launch…
Michael Arrington of Arrington XRP Capital, a cryptocurrency investment firm, highlighted a compelling use case…
London, United Kingdom, May 6th, 2024, ChainwireGBM Auction (https://gbm.auction), the Bid-to-Earn Auction company, is thrilled…
The excitement in the XRP community is palpable as they eagerly wait for Ripple's upcoming…