Terra, an algorithmic stablecoin platform for savings, investments and payments, is joining forces with the Harmony blockchain to pursue new DeFi initiatives focused on programmable money and other so-called financial primitives.
Under the new partnership, which is described as a “deep integration” initiative, Terra will integrate Harmony on its Shuttle Bridge platform, a web front-end that allows users to send Terra’s UST stablecoin across supported blockchains. “This paves the way for UST to migrate to Harmony and to be used on applications in the Harmony Ecosystem,” Peter Abilla, Harmony’s VP of marketing, said in a Tuesday announcement.