The decentralized application (dApp) platform NEAR Protocol has announced that it has partnered with Terra to enable NEAR and Aurora to integrate its UST stablecoin.
nearpad, rose and terra partnership between NEAR and Aurora in their new ecosystems. Availability of UST will show. Users AllBridge With this, he will be able to pass his assets directly between Terra and Aurora. Also, Nearpad and Rose are designed to enable users to deposit UST liquidity into protocols. to encourage it will work. NEAR and Aurora communities will have access to liquidity later.
Founder of NearPad and Rose Aiden Knox about subject;
Through our partnership with Terra, we are taking a step towards growing the Near and Aurora ecosystem while introducing the UST stablecoin to our community. With the partnership, our aim is not only to integrate NearPad and Rose with UST, but also to realize more comprehensive integrations and different projects for our community. I am happy to work with Terra for all this.
made statements.
With the integration of UST into NEAR, users can use many of the protocols created with NEAR technology. to your advantage will be able to access. Users can also access some of the popular assets on NEAR. to unlimited access Will have. Speaking after partnership, Co-Founder of NEAR Illia Polosukhin;
NEAR was built on simplicity, security and scalability. Stablecoins such as UST provide the convenience of maintaining value and computation based on a fixed unit. Connecting the NEAR and Terra ecosystems via AllBridge enables the communities of Rose and NearPad apps to offer new ways to use stablecoins
made statements.
Head of Terra Business Development Jeaf Kuan if;
Working with the NEAR ecosystem is exciting. We look forward to further growth of UST across chains thanks to NearPad and Rose. By working with strong names in the industry such as NEAR, we will see UST become more integrated with the global DeFi ecosystem.
said.
After the development, the NEAR protocol (NEAR) is the last resort, despite the withdrawal of bitcoin. in 24 hours According to Coinecko data 29.7% showed an increase.