• Polkadot secured yet another important partnership with Stellar to boost liquidity.
• DOT saw a short-term breakout but it might be short-lived as the price approaches another sell zone.

The Polkadot [DOT] network, on 28 March, announced a major partnership with the Stellar network as it planned to harness more liquidity. According to the announcement, the two networks will connect to each other through the Spacewalk bridge. The latter is a new development from one of Polkadot’s parachains, called Pendulum Chain.

Payments specialist @StellarOrg is connecting to Polkadot via the new Spacewalk bridge, built by parachain @pendulum_chain, enabling the smooth and seamless transfer of stable assets between the two ecosystems.

Find out more: https://t.co/qoPmN2en9B

— Polkadot (@Polkadot) March 28, 2023

Is your portfolio green? Check out the Polkadot Profit Calculator

This partnership will facilitate the smooth flow of stable assets across the two networks. The strategic agreement comes amid liquidity concerns following the pressure that stablecoins have been facing. Polkadot’s announcement may have also spurred the upsurge in the network’s Go to Source to See Full Article
Author: Michael Nderitu

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