To ease token swapping, decentralized exchanges enable crypto trading with automated market makers (AMMs). Symbiosis is a new, multi-chain protocol that aggregates token pairs across blockchains to allow quick transfer of liquidity. Symbiosis is also the latest partner to collaborate with The Standard, the creator of the innovative stablecoin protocol based on precious assets. As part of the collaboration, The Standard’s stablecoin sEURO and TST will be integrated into the Symbiosis ecosystem. As The Standard announced its partnership with Symbiosis.

Collaboration with TheStandard.io

The Standard protocol provides users with over-collateralized stablecoins such as the sEURO. These stablecoins are backed by tokenized Gold, Bitcoin, Ethereum, and more. Like the Gold Standard of days gone past, this backing guarantees the currency’s value while enabling the individuals minting the stablecoins to use fiat inflation in their favor.

The partnership with Symbiosis aims to create a sEURO / Ethereum pool and ease the swapping of the stablecoin. sEURO and TST will look to be integrated into the Symbiosis ecosystem. The collaboration also includes cross-marketing of the two parties“Our partnership is an important step towards making Web3 popularized among all groups of people who are into crypto, who aren’t, and who are just starting. Clashing two worlds of fiat money and cryptocurrency might open the world of crypto for new users,” said a spokesperson for Symbiosis..

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About The Standard ecosystem?

The aim is to unlock liquidity lying idle in precious metal assets. The Symbiosis ecosystem aims to make it easy for users to move liquidity using the sEURO/ETH pair.

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About Symbiosis

Symbiosis is a cross-chain engine and interchain communication Protocol.

The Symbiosis Protocol meets the following requirements:

• Simple, Uniswap-like user experience
• Interchain Communicating
• Fully decentralized
• Interoperable
• Non-Custodial
• Limitless cross-chain liquidity

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SOURCE

https://blog.thestandard.io/cross-chain-liquidity-enabler-symbiosis-partners-with-thestandard-io-to-integrate-seuro-and-tst-984b0fe74d12

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