Kadena Partners With Stablecoin-Maker Terra in Bid to Expand Its DeFi Offering

Kadena Partners With Stablecoin-Maker Terra in Bid to Expand Its DeFi Offering
Kadena founder Stuart Popejoy
(CoinDesk archives)

Hybrid blockchain platform Kadena is teaming up with stablecoin maker Terra with the aim of expanding its decentralized finance (DeFi) platform. 

Announced on Tuesday, Kadena said it will add Terra’s luna stablecoin to its decentralized exchange (DEX) Kadenaswap, which was announced and is expected to roll out at the end of the year. Using its hybrid blockchain as the selling point for its DeFi offering, Kadena hopes to draw businesses and users looking to get away from the congestion on Ethereum-based platforms. 

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