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THORWallet Launches Stellar Cross-Chain Swaps Powered by NEAR Intents

THORWallet, the mobile-first non-custodial pockets bridging DeFi and TradFi, is thrilled to announce that Stellar cross-chain swap routes at the moment are stay powered by NEAR Intents.

This new integration allows customers to swap Stellar belongings comparable to XLM or USDC (on Stellar) on to and from Bitcoin, Ethereum, Solana, BNB Chain, and different main networks all inside the THORWallet mobile app, with out bridges or custodial intermediaries.

“Adding Stellar cross-chain liquidity completes a serious milestone in our imaginative and prescient for a really chain-agnostic pockets,” stated Marcel Harmann, CEO of THORWallet DEX. “Together with NEAR Intents, customers can now transfer worth from Stellar to nearly any main blockchain in a single step, all whereas holding full custody of their belongings.”

A Major Leap for Stellar and THORWallet Users

Stellar has lengthy been acknowledged for its quick, low-cost world funds and its increasing stablecoin ecosystem, led by USDC on Stellar.

With NEAR Intents now connecting Stellar on to different main ecosystems, THORWallet customers can transfer from Stellar USDC to Ethereum, Solana, or Bitcoin seamlessly, unlocking highly effective new cross-chain use circumstances for funds, DeFi, and buying and selling.

The integration builds on THORWallet’s rising cross-chain infrastructure stack, which already contains THORChain, Maya, Chainflip, 1inch, and now NEAR Intents. This positions THORWallet as one of many most complete DeFi wallets accessible uniting a number of DEX and intent-based protocols below one intuitive interface.

Furthermore, THORWallet helps Blend, one of many high lending protocols on Stellar, enabling customers to lend or borrow with XLM and USDC.

By combining Blend entry with new cross-chain swap routes, THORWallet makes it simpler than ever for customers from different ecosystems to faucet into lending alternatives on the Stellar community, take part in yield methods, and transfer liquidity seamlessly throughout DeFi markets.

Strong Growth Momentum Across Ecosystems

THORWallet continues to indicate exceptional traction, with whole swap quantity surpassing $1.7 billion and over 165,000 pockets downloads, reflecting robust consumer adoption of its multi-chain structure and rewards system.

The Stellar integration additional expands its attain into the quickly rising funds and stablecoin consumer base.

What Users Can Do Today

  • Swap XLM or Stellar USDC immediately for Bitcoin, Ethereum, Solana, and different main belongings.
  • Access all new Stellar routes immediately contained in the THORWallet cellular app (accessible on iOS and Android) 
  • Access Blend lending markets on Stellar and transfer liquidity out and in with ease utilizing cross-chain swaps.
  • Experience true cross-chain DeFi with out ever giving up custody of your belongings.

About THORWallet

THORWallet is a mobile-first, self-custodial DeFi pockets that empowers customers to swap, earn, and spend digital belongings throughout chains, all from one intuitive app. Built for the plenty, it gives native cross-chain swaps, multisig safety, and fiat integrations, together with a world multi-currency MasterCard.

THORWallet’s mission is to make decentralized finance accessible, safe, and sensible for on a regular basis customers. Learn extra at www.thorwallet.org.

About the Stellar Network 

The Stellar community is a decentralized, quick, scalable, and uniquely sustainable blockchain constructed for monetary services. It gives builders good contracts performance and a protocol optimized for funds, with a design supposed to maintain charges low and to supply transaction speeds that may scale with elevated adoption.

Financial establishments and innovators worldwide challenge belongings and settle funds on the Stellar community, which has processed billions of operations with hundreds of thousands of accounts for the reason that community was first launched. Learn extra at www.stellar.org.

The publish THORWallet Launches Stellar Cross-Chain Swaps Powered by NEAR Intents appeared first on BeInCrypto.

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