Milkomeda WingRiders jumped in support of USDT & USDC trade on the Cardano blockchain Network.
Cardano is an 8th-ranked crypto project by 24 hours trade volume of its native token globally. Right now this crypto blockchain is enjoying the inflow of Defi Protocols in a very big number, thanks to Alonzo Hardfork which was introduced in September of last year to bring smart contract features into the Cardano blockchain.
Cardano blockchain is not only better and more stable but also it is better in terms of decentralized nature and transaction fees, so the availability of the Cardano network for the two highest-ranked stablecoins USDC and USDT will make a better option for the crypto traders to choose the Cardano network.
At present network fees of Cardano are standing at $0.3, which very less than many other highly competitive crypto networks.
A few days ago, WingRiders, a decentralized crypto exchange (DEX), announced on Twitter that it will introduce its support for Stablecoins. And for the same, Platform will provide liquidity for its Milkomeda bridge.
Charles Hoskinson, the founder of the Cardano project, responded to this initiative of Wingriders and noted that Wingriders is one of the interesting projects in the Cardano Ecosystem, which will bring Stablecoins to the Cardano network.
For the same, WingRiders will introduce “Layer 2 Protocol” on the mainnet, Milkomeda Foundation. So with the support of the Milkomeda Bridge sidechain and its Ethereum Virtual Machine (EVM), users will be able to trade USDT and USDC on Cardano easily and also it will be the first time for Cardano users.
Cardano to build a decentralized social media platform
On the last day, Charles Hoskinson tweeted on Twitter and asked Elon Musk to take help from the Cardano project to build a decentralized social media platform, if in any situation he will fail to purchase Twitter.