Stellar launched the Spacewalk bridge to Polkadot and Kusama via Pendulum, connecting DeFi applications to forex markets and Stellar's fiat on-ramps across 300,000+ MoneyGram locations worldwide. The bridge enables stablecoin transfers including USDC and regional currencies like Argentine pesos and Brazilian reals.
Stellar has gone live with Spacewalk, a bridge built by Polkadot parachain winner Pendulum that connects Stellar's ecosystem to Polkadot and its canary network Kusama. The bridge facilitates DeFi-to-forex connections, particularly in emerging markets where Stellar has established partnerships like MoneyGram. USDC will be the primary stablecoin flowing across Spacewalk, alongside regional currency stablecoins including Argentine pesos, Brazilian reals, Kenyan shillings, and euro-based tokens. The bridge is now live on Kusama with Polkadot deployment expected within one to two weeks. Through MoneyGram's 300,000+ agent locations globally, users can off-ramp Stellar assets to cash or on-ramp fiat to stablecoins, expanding access to crypto infrastructure in regions where traditional banking rails have deteriorated.
