- Stellar Anchor Platform has been upgraded to support Deposit & Withdrawal services on the Stellar network.
- Kado Money, a Web3 infrastructure company, now supports USDC on Stellar and has utilized the Anchor Platform to extend its global ramp services to Stellar wallets in over 160 countries.
Stellar has announced significant upgrades to its Anchor Platform, delivering enhanced support for Deposit & Withdrawal services on the Stellar network. The development is set to reduce time and costs associated with leveraging Stellar’s blockchain technology.
The advanced features of the Stellar Anchor Platform will enable businesses to offer on/off ramps on Stellar and establish connections to wallets across the network. This simplification and amplification of services reflect Stellar’s commitment to fostering more streamlined and accessible blockchain solutions.
Further evidence of this can be seen through Kado Money, a Web3 infrastructure company, which has recently announced its support for USDC on Stellar. Harnessing the power of the upgraded Anchor Platform, Kado Money has managed to bridge its on/off ramps to the Stellar network, extending its global ramp services to Stellar wallet users in over 160 countries.
The Stellar Anchor Platform presents a holistic solution designed to simplify Stellar integration. It reduces development time and cost while simultaneously making business services available to a global network of wallets and applications via a single integration.
The platform makes connecting to Stellar simpler, offering prepackaged software that reduces the development time and financial investment needed to build on Stellar’s platform. With minimal changes to the existing infrastructure, businesses can gain access to Stellar’s versatile payment rails, specialized in cross-border payments, deposits, and withdrawals.
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“The Anchor Platform has made it easier than ever to build on Stellar and get our services to market faster and cheaper,”
said Eduardo Cruz, Head of Business Operations – Enterprise Solutions at Bitso. He continued,
“In a matter of weeks, our development team was able to connect the Platform’s APIs to our existing infrastructure and access cross-border payments on Stellar.”
The enhanced Stellar Anchor Platform takes only three steps to deploy. Businesses first need to deploy to an infrastructure provider of their choice, integrate their preferred key custody infrastructure, and finally connect the Anchor Platform to their existing APIs. It’s a streamlined process that exemplifies Stellar’s commitment to accessibility and efficient integration into the blockchain realm.
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