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Cardano Ecosystem

U.Today

01/24/2023

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Cardano (ADA) Now Supports BUSD Seamlessly with This Bridge Solution

Finitum platform by Staking Rocks facilitates seamless value transfer between Cardano (ADA) and BNB Chain (BSC)

Cardano (ADA) Now Supports BUSD Seamlessly with This Bridge Solution

Seasoned enthusiasts of Cardano (ADA) staking ecosystem, Staking Rocks pool, unveiled their latest development, i.e., a bridge mechanism designed to seamlessly move value between BNB Smart Chain (BSC) and Cardano (ADA).

This protocol bridges Cardano (ADA) and BNB Smart Chain 

Per the statement of the Staking Rocks team, for the first time ever, Binance USD (BUSD), a core USD-pegged stablecoin of Binance (BNB) ecosystem, becomes seamlessly available on Cardano (ADA) blockchain. 

They shared the transaction hash that can be scanned through Cardano (ADA) explorers. The fmBUSD token was minted on Cardano (ADA) blockchain on Jan. 23, 2023. The token minting became possible due to non-custodial bridge Finitum.

Finitum bridge, which is now undergoing public beta testing, is created to ensure value transfer between Cardano (ADA) and BNB Chain (BSC) blockchains.

Read more on U.Today 

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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