Kadena Partners With Stablecoin-Maker Terra in Bid to Expand Its DeFi Offering

Hybrid blockchain platform Kadena is teaming up with stablecoin maker Terra with the aim of expanding its decentralized finance (DeFi) platform. 

Announced on Tuesday, Kadena said that it will add Terra’s Luna stablecoin to its decentralized exchange Kadenaswap, which was announced earlier in September and is expected to roll out at the end of the year. Using its hybrid blockchain as the selling point for its DeFi offering, Kadena hopes to draw businesses and users looking to get away from the congestion on Ethereum-based platforms.