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Ardana was barely a year into development after raising $10 million last year via a funding round led by now defunct crypto hedge fund, Three Arrows Capital, Cardano’s cFund and Ascensive Assets. The project was working on stablecoin minting and foreign exchange services, and aspired to be “the MakerDAO and
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On Tuesday morning, Ardana, a stablecoin and lending hub on Cardano, announced an agreement with NEAR protocol, a layer 1 Ethereum alternative. Per a press release provided to CoinDesk, Ardana received a grant from NEAR to build a crosschain bridge between Cardano and NEAR. Original Source
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Ardana, a stablecoin ecosystem built on the Cardano (ADA) blockchain, received $10 million in seed capital from a group of investors led by Three Arrows Capital and Ascensive Assets.Ryan Matovu, CEO and co-founder of Ardana, issued the following statement regarding the deal:“As the first all-in-one stablecoin ecosystem built on Cardano,
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