Near Protocol (NEAR) has partnered with Ardana, the Cardano ecosystem’s first stablecoin and lending protocol. Cardano and Near will have a token bridge designed by Ardana. The partnership also includes a grant from the Near Foundation.
Ardana CEO and founder Ryan Matovu spoke about the collaboration and highlighted its importance for both the Cardano (ADA) and Near Protocol (NEAR) ecosystems:
NEAR Foundation CEO Erik Trautman noted that developing a bridge aligns with Near’s “multi-chain” vision:
In summary, with this move, Near will seamlessly integrate into Cardano’s DeFi infrastructure.