The developers of the Ergo blockchain platform and Emurgo announced a partnership to create corporation-oriented DeFi applications and stablecoins, according to a press release .

As part of the partnership, the Ergo native token (ERG) is being integrated into the Yurgi wallet from Emurgo. It will become the second cryptocurrency added after Cardano. 

Ergo was developed by former engineers at IOHK behind Cardano's PoS protocol. The platform supports UTXO-based smart contracts. 

Emurgo is the second key player in the Cardano ecosystem after IOHK, led by Ethereum co-founder Charles Hoskinson. 

Recall that in 2018, IOHK and Emurgo broke off relations with the Cardano Foundation. The organization, in their opinion, has not shown any progress. 

At the beginning of this year, Emurgo announced that it would help the Uzbek authorities to develop regulation for security tokens.