Blockaid, an Onchain security platform, has announced the integration of its latest detection and response technologies on Stellar, initially affecting Lobstr and Freighter applications.

Blockaid's Security Technologies

Blockaid announced a collaboration aimed at real-time threat tracking and quick response for Stellar wallets. According to the CEO of the company, Ido Ben Natan, this will protect users from malicious activities. The company's security technologies, backed by Coinbase, Stellar, and Metamask, have already processed over 4.5 billion transactions and prevented 100 million attacks.

Cooperation with Blockchain Companies

In the first six months of this year, Blockaid signed a number of agreements with blockchain companies. These include integration with Coinbase Wallet and cooperation with 1inch and Avalanche Core Wallet.

Introduction of EURT Stablecoin on Stellar

Stellar, a decentralized public blockchain, supports launching experiences reminiscent of using cash. A euro-pegged stablecoin, EURT, has been reintroduced on the platform, providing stability amid the EU's crypto market uncertainties and enhancing legal clarity.

The collaboration between Blockaid and Stellar could be a significant step in the development of secure use of blockchain technologies and reducing security risks in the crypto industry.