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Articlependulum-chain.medium.comPendulum1y ago

August 2024 Pendulum Ecosystem Roundup

Pendulum ecosystem advanced infrastructure for traditional finance integration in August. Vortex demonstrated multi-bridge crypto-to-fiat conversion spanning Polygon and Axelar to EUR via Pendulum and Stellar's Circle EURC. Spacewalk expanded XLM bridging capacity, new assets arrived via Subwallet, and MYKOBO completed migration from proprietary to Circle EURC. Governance moved forward with three referendums.

BridgesReal World AssetsPayments
Lumen Loop's take

The Pendulum ecosystem delivered concrete progress on bridging and fiat integration in August. Vortex, a crypto-to-fiat FX solution by SatoshiPay, demonstrated end-to-end conversion spanning Polygon, Axelar, Pendulum, and Stellar, converting USDC to EUR via Circle EURC and MYKOBO with settlement to European bank accounts. Spacewalk bridge capacity expanded to 12,000+ XLM, supporting Stellar users accessing Pendulum's DeFi. MYKOBO completed its asset migration from proprietary MYKOBO EURC to Circle's standard EURC, with integration guides for both Spacewalk and Stellar DEX. Pendulum added three new assets (BNC, VDOT, ASTR) in Subwallet. Governance included three active referendums: adding Circle EURC to Amplitude's Spacewalk, closing the inactive Equilibrium channel, and opening a channel request from Interlay.

Mentioned projects
4 projects linked
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CircleInfrastructure & Services
stablecoinscross-border-paymentsinstitutional

Circle is the full-stack platform for the internet financial system — issuing USDC and EURC stablecoins and powering global paym…

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LobstrApplications
SCF
P2PMobileSoftware Wallet

LOBSTR is a web and mobile wallet that enables users to interact with the Stellar network and its decentralized exchange. It sup…

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MYKOBOFinancial Protocols
SCF
AnchorEUR

MYKOBO is a financial platform that facilitates seamless Euro transactions through EURC, a Euro-backed stablecoin issued by Circ…

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SpacewalkFinancial Protocols
SCF
BridgeMulti-Chain

The first bridge to Polkadot: giving Stellar users more access to the DeFi world.

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