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Pendulum Chain is a smart contract blockchain network designed to connect traditional fiat payment routes with the decentralized finance ecosystem. It does this by bringing reliable, regulation-compliant fiat-pegged tokens from major blockchain networks into active DeFi communities, tackling the rising need for fiat liquidity within DeFi. The open Pendulum protocol is being developed by SatoshiPay, a fintech firm that has worked on blockchain products since 2014.
Leveraging Parity’s Substrate framework, Pendulum creates the missing bridge between fiat and DeFi through a capable smart contract network. Pendulum Chain is intended to serve as a central hub for the “internet of fiat.” The platform plans to introduce:
Cross-chain trust-minimized bridgesA network tuned to support a wide range of fiat-pegged stable tokensNext-generation smart contract technologyAn opt-in compliance layer that includes privacy featuresStandardized on/offramps for smoother integration with local banking networks.PEN acts as the native token on Pendulum (Polkadot parachain). PEN is used to pay for transactions as the gas token on Pendulum, and it also supports governance and staking.
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