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These Top 10 Cryptocurrencies joining forces
Terra And Avalanche Join Forces
Terra Luna and Avalanche have announced a strengthening of their collaboration in the form of a $100 million treasury swap between Luna Foundation Guard and the Avalanche Foundation.
Another advantage is, developers are now able to build cross-chain and make use of the vibrant Avalanche ecosystem. Several Terra DeFi protocols are already in line for a cross-chain expansion to Avalanche.
Terra and Avalanche have already spent time collaborating on a gaming subnet, details of which are still to be released.
The collaboration between the two could certainly help them both to grow.
“Avalanche is still a growing ecosystem...a lot of it is fueled by loyalty to the AVAX token and users feel a lot of affinity with an asset that aligns itself with AVAX,”
He added:
“While Bitcoin will remain the “main backing” of UST stablecoin, the deal with Avalanche “buys a lot of user familiarity” for UST and Terra from Avalanche,”
Emin Gün Sirer, CEO of Ava Labs, said of the collaboration:
“Terra’s ability to scale their stablecoins is one of the reasons that drew Avalanche to its platform.”
“I wish that more and more coins would look for ways to grow the crypto space as opposed to compete for the same set of people,” he said.
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