NEAR Protocol partners with Everclear to transform cross-chain stablecoin settlement
Main Idea
The NEAR Foundation has partnered with Everclear to enhance cross-chain stablecoin liquidity and reduce fragmentation, leveraging NEAR's Chain Abstraction stack and Everclear's clearing technology.
Key Points
1. The NEAR Foundation announced a strategic collaboration with Everclear to address liquidity fragmentation across blockchains.
2. Everclear will use NEAR's Chain Abstraction stack to enable seamless cross-chain transactions with near-zero costs.
3. The partnership includes a significant investment by NEAR Protocol in Everclear, targeting the growing trillion-dollar digital asset clearing market.
4. Everclear's technology clears net differences in transactions, reducing the need for manual or centralized exchanges.
5. NEAR's native token price declined by over 6% amid broader market weakness, despite the partnership announcement.
Description
The NEAR Foundation has confirmed a strategic alliance aimed at redefining how individuals exchange stablecoins and top digital assets across blockchains. The platform is joining forces with Everclear, a recognized protocol for cross-chain settlements. The move comes as stablecoin sees an uptick in demand after the US signed the GENIUS Act into law last week. Meanwhile, NEAR’s latest collaboration is more than shared goals. The deal includes Near Protocol making a significant investment in Everc...
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