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Ardana partners with Near protocol on Cardano bridge infrastructure
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Ardana, Cardano’s growing stablecoin hub, announced a strategic partnership with Near protocol on Nov. 23. The partnership allows for asset transfer between the two protocols in which Ardana will provide the bridging infrastructure.
Ardana is a decentralized stablecoin hub built on the Cardano network. While Ardana (DANA) is its governance token, it will use dUSD as verified on-chain collateral to enable borrowers to take leverage on their Cardano (ADA) or other supported assets.
Thanks to its bridge with Near protocol, Cardano users will soon be able to transfer assets from Cardano to Near and vice versa. The NEAR (NEAR) will also soon be available as an asset on Cardano. NEAR will serve as collateral on Ardana to mint stablecoins.
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