Due to a strategic alliance the two parties announced on November 16, 2022, the market-dominating compliance product, Compass, from Merkle Science’s predictive Web3 risk and intelligence platform will be added to the Stellar network. 

New features of the collaboration

To advance Web3 risk mitigation and compliance, the company will make a collaboration with a nonprofit organization that encourages the expansion and improvement of the framework.

As a result of this business concern, Merkle Science is going to incorporate its services with the Stellar system, supplying the users with a demanded conformity and safety to engineers within the Stellar system. 

The Merkle company is making the framework needed for cryptocurrency to develop securely and healthily, and envisions a world run entirely on blockchain technology.

The company’s goal of encouraging bigger finance involvement and the SDF’s mission makes them excellent partners. The web3 ecosystem’s forensic and regulatory problems are advanced by this integration. 

Moving forward to advanced security

The Stellar network’s developers and builders will have access to cutting-edge security thanks to Compass. Additionally, the trading observation and risk research methods are going to shield companies within the system from scams and hacks, which have recently become more prevalent.

Due to the solution’s zero-friction design, organizations within the Stellar framework will be able to handle and observe such situations with ease.

This alliance is a turning point and a way for the Stellar network to reduce its risk. The Stellar network’s projects will be able to utilize critical cutting-edge solutions thanks to the next-generation platform from Merkle Science.

Stellar Development Foundation’s Chief executive officer, D. Dixon, stated in a recent announcement that a new partnership between Stellar Network and Wirex, the leading payment platform in the world, took place at the same time as the collaboration with Merkle Science.

Due to the cooperation, the USDC token was introduced on the Stellar service by Wirex’s app. The native token of the Stellar network, XLM, grew both in volume and price, according to several market analysis reports.