Para has released a new product for helping build stablecoin infrastructure, primarily targeting traditional fintechs moving into the digital asset space.
Backed by Aave’s deep liquidity and leading DeFi rates, the stablecoin infrastructure is to be designed through the Para Developer Portal and customized for each client, depending on the use-case. 9
It will provide seamless integrations across Ethereum, Solana, and over 100 other chains. The company describes this service as:
From user wallets to liquidity rails – everything you need to build and scale with stablecoins.
The aim is to enhance stablecoin adoption by combining secure MPC embedded wallets, one of Para’s main focus, together with the best of the DeFi markets from Aave featuring access to a variety of lending and borrowing pools, liquid stablecoin pairs, and a tested brand for fintechs to be comfortable in using and offering the white-label solutions.
Aave has recently posted it has “$58 billion in net deposits” with “$23 billion in active borrows”.
