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Cryptocurrency News Articles

Girin Labs Partners with Axelar’s Mobius Development Stack (MDS) to Enhance XRPL’s Use and Functionality

Nov 08, 2024 at 12:26 am

Girin Labs, a Prominent Web3 platform in the XRP Ledger (XRPL) ecosystem, has partnered with Axelar’s Mobius Development Stack (MDS).

Girin Labs Partners with Axelar’s Mobius Development Stack (MDS) to Enhance XRPL’s Use and Functionality

Web3 platform Girin Labs, prominent in the XRP Ledger (XRPL) ecosystem, has partnered with Axelar’s Mobius Development Stack (MDS).

The move will enable developers to build adaptable, cross-chain apps at scale with the Axelar MDS, a collection of open tools and protocols designed to enable smooth interactions across blockchain networks.

By collaborating with Axelar, Girin Labs aims to improve XRPL’s use and functionality. This development comes as Girin Labs plans to launch the XRP Ledger EVM Sidechain, which makes Ethereum Virtual Machine (EVM) networks compatible. Girin Labs also plans to increase XRP Ledger’s cross-chain reach by choosing Axelar’s MDS as the bridge platform.

This move will allow for interoperability between XRPL and sidechains compatible with EVM, resulting in a more seamless experience for users managing assets and interacting with decentralized applications (dApps) across chains.

As part of this initiative, the Web3 platform intends to include Axelar MDS technology in its main product, the Girin Wallet. This integration will provide consumers with a more efficient digital asset management method.

Girin Labs is dedicated to improving the XRP Ledger ecosystem user experience by focusing on safe and effective cross-chain features that boost transaction efficiency. Girin Labs’ partnership with Axelar MDS is part of its move to push the limits of blockchain interoperability, consistent with its central objective of making the XRP Ledger more accessible and user-centric.

Meanwhile, XRP price has shown resilience amid the recent US presidential polls, recording modest gains. At the time of writing, XRP trades at $0.544, gaining 2.93% over the past 24 hours, while displaying a 6% gain over the past seven days, according to CoinMarketCap.

News source:cryptomode.com

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