Open source dApp launching network AVA Labs announced on Monday that it has integrated the Turkish Lira backed stablecoin BiLira into its platform. As per the official tweet, developers will now be able to build and use dApps seamlessly and at scale using BiLira.
.@BiLira_Official (TRYB), a stablecoin backed by the Turkish Lira, is integrating into AVA. From testing through mainnet launch, people will be able to use and build decentralized apps with $TRYB seamlessly and at scale.https://t.co/Gl9jlqkb4p
— AVA Labs (@avalabsofficial) June 8, 2020
In a blog post on Medium, AVA stated that the integration is a prep for new scalable, safe, and fast solution for users to access crypto markets using the Turkish Lira. Speaking on the integration, BiLira COO Vidal Arditi said,
Emin Gün Sirer, Co-founder and CEO of AVA Labs stated that the platform’s performance and versatility combined with stablecoins like BiLira will help them create a potent alternative to traditional foreign exchange markets. He also added that AVA will help stablecoins like BiLira to push the boundary of possibilities.
Based on the Turkish fiat currency, BiLira is one of the largest stablecoin projects from the country. It aims to develop a seamless decentralized internet connection for Turkish citizens, and empower them for a free, distributed, and transparent global economy. On the other hand, AVA Labs focuses on helping developers launch DeFi applications through its platform, providing them access to highly scalable and efficient networks, customizable public and private blockchains.