devan.algo
@devanmoorthy
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Head of BD @AlgoFoundation Diehard @Arsenal fan
Joined April 2009
This will allow native USDC bridging to & from supported chains. This is a big win for stablecoin accessibility on Algorand.
Algorand is integrating with @Allbridge_io to launch a dedicated stablecoin bridge in Q4 2025. This will give users and developers seamless access to stablecoin liquidity across multiple blockchains, strengthening Algorand as a hub for on-chain finance.
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Algorand is integrating with @Allbridge_io to launch a dedicated stablecoin bridge in Q4 2025. This will give users and developers seamless access to stablecoin liquidity across multiple blockchains, strengthening Algorand as a hub for on-chain finance.
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🚨 New Staking Asset! 🪙 $ALGO is NOW AVAILABLE for staking. Earn up to 4% when you stake #ALGO on Uphold. 🌐 @AlgoFoundation is an L1 that ensures transaction finality within seconds, supports high transaction throughput, and maintains low transaction fees. 👇 Start Staking.
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What have we been working on lately? Stablecoins. Expect to see some key stablecoin infra integrations, and a native stablecoin bridging solution. Stay tuned.
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This is why these wrapper models for tokenizing public stocks make no sense; they only introduce fragmentation of liquidity due to the non-fungible nature of all those wrappers with different counterparties and models involved. We should do native tokenization of the stock so
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$ALGO is now available for on-chain Staking in the Crypto․com App! Start staking to secure your favourite blockchain or protocol while earning up to 6% rewards 💰 🔓 Enjoy the flexibility of unstaking your assets in a secure and convenient manner. @Algorand
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Algorand support coming to @wormhole NTT! This allows Algorand projects to launch multi-chain tokens, and for us to entice existing NTT projects to deploy on #Algorand. This was much needed! Shoutout to @sarahxmary who cut through the complexity to get this done.
Algorand is now natively multichain, through Wormhole NTT. ⚡️Powered by @wormhole. 🔨Built by @FolksFinance.
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Part II of our partnership with @cryptocom. Again, a big shout out to @RayanKhalil who lead the charge on this important staking accessibility partnership!
Algorand staking is now live on @cryptocom. Head to the @cryptocom app to begin your staking journey today.
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One of only 10 assets enabled for this program! So many users utilise @binance as their primary wallet (or bank account). This allows them to help secure the Algorand network without having to navigate to the 'Earn' program and actively commit. Staking accessibility!
Algorand soft staking is now available on @binance. Over 275 million Binance users can now soft stake ALGO with: 🟢 Full Flexibility 🟢 The ability to Withdraw or Trade anytime 🟢 Daily Rewards
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As I've mentioned previously, there are limits to what I can share and when, but consider this an effort to be more transparent!
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We're always trying to utilise resources efficiently, balance opportunity costs, and balance between short-term and long-term wins. We're not perfect at it, but we're constantly improving.
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In terms of supporting strategic initiatives - this is primarily payments integrations that allow @luthermaday to do his thing and bring meaningful payments volume on-chain. Stablecoin issuance, onramps/payouts etc.
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Cross-chain accessibility means integrations to ensure Algorand is connected to other chains - both in terms of asset issuance, and asset flow.
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Staking accessibility means integrations to ensure users (retail & institutional) have multiple options of where/how to stake and secure the network. Think of the partnership with @Kiln_finance, for example. Some interesting upcoming ones with CEX's too...
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Token accessibility means integrations to ensure users can get the assets they want, at the venues they want to get them. Think of the #USDC announcement you just saw with @cryptocom, and with @coinbase last year.
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In terms of accessibility, this means: - token accessibility (including ASAs); - staking accessibility; and - cross-chain accessibility
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There are two key 'pillars' for the @AlgoFoundation partnerships team in 2025 - to improve accessibility, and support strategic initiatives
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Today, @PeraAlgoWallet officially launched the Pera Card 💳 in partnership with @Immersve. Crypto cards are not new, but to see your card balance on chain real time, to be able to deposit and, more importantly, withdraw funds anytime, to be able to spend without giving up
In partnership with @Immersve, we’re bringing prepaid debit cards powered by Mastercard’s global payment network to the Algorand. For too long, converting cryptocurrency into spendable cash has been a hassle — slow withdrawals, high fees, and clunky processes have frustrated
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Well done to @RayanKhalil for leading our efforts on this. There's more to come from this partnership too 😉
🚨 @cryptocom now supports deposits and withdrawals of @USDC on @Algorand! I'm committed to making #Algorand more accessible. If you have any suggestions or face issues accessing the ecosystem, drop them in the comments 👇 @AlgoFoundation #algofam #algo #usdc #access
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