Blue Star Capital plc notes the recent update announcement made by Pendulum, a company incubated by Blue Star's investee company SatoshiPay, that its blockchain bridge connecting the Stellar and Polkadot networks, 'Spacewalk', is now live on the Pendulum network. Pendulum describes Spacewalk as a trust-minimised decentralised bridge between the Polkadot and Stellar ecosystems, enabling efficient transfers of fiat-backed stablecoins and cryptocurrencies, and serves as a critical link that allows the Pendulum chain to leverage the vast array of fiat-backed stable tokens available on the Stellar blockchain, paving the way for the development of a fiat-based decentralised finance ecosystem. This integration is an important step forward in uniting Stellar's fiat-anchored currencies with the DeFi capabilities of Polkadot.

In addition to Stellar's native token, XLM, the following stablecoins are now bridgeable through Spacewalk; EURC; AUDD; NGNC; TZS; and BRL. PEN, the native token of Pendulum, will serve as the transaction fee currency within the network. Pendulum has implemented a cap on the volume of assets that can be bridged, as a part of the company's security protocol during the initial stages of the phased launch.

Following the successful completion of subsequent phases, the cap will be steadily raised to permit a greater asset volume transfer.