The 8th largest cryptocurrency is making a lot of headway as it joins hands with Nasdaq, Visa, Citigroup-backed Chain to introduce Interstellar. Meanwhile, Starlight- Lightning on Stellar will also move into gear.
Interstellar: Nasdaq, Visa-backed Chain merges with Stellar’s lightyear
Stellar is yet again in the limelight with the latest update. Lightyear Corp., a company focused on the Stellar blockchain has acquired the San-Francisco-based startup Chain. This merger will create a new company named Interstellar that will migrate the customer base and products of Chain onto the Stellar’s public ledger. This is, in turn, will create a platform that will enable the organizations to issue, manage, and exchange assets.
Adam Ludwin, the CEO of Chain shared:
Though Stellar (XLM) is down about 90% from its all-time high (ATH), today this news certainly worked in this crypto’s favor as it registered the greens while the market has been red.
Stellar is making a lot of headway in the crypto market that is rocking the space with the question if Stellar will overpower the Ripple in the near future?