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NewsCrypto Partners With Polygon — Creating Stellar-Polygon Bridge By CoinQuora

by Mike Robinson

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NewsCrypto Partners With Polygon — Creating Stellar-Polygon Bridge
  • NewsCrypto and Polygon are collaborating.
  • Both companies aim to enhance interoperability as well as link Polygon and Stellar.
  • They also plan to create Wrapped XLM (wXLM) tokens for Polygon’s DeFi ecosystem.

NewsCrypto, Polygon and Stellar announced their intention to work together to increase interoperability and connect Polygon with Stellar. This will allow the creation of Wrapped XLM (wXLM) tokens, which will be usable in Polygon’s DeFi ecosystem.

Sandeep Nailwal, Co-Founder of Polygon, commented:

Having XLM available on the Polygon PoS Chain means it can be used for lending, decentralized trading and any other important Defi usage. We’re happy to be working with NewsCrypto on this and other exciting new collaborations.”

To note, Polygon gave a grant to NewsCrypto to develop an advanced, low-fee bridge that would connect the two ecosystems. This partnership might show NewsCrypto’s s…

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