Axelar supports cross-chain RWA assets and stablecoins, and cooperates with Ondo Finance to launch Ondo Bridge
Ondo Finance, a tokenized financial product platform, has partnered with Web3 interoperability platform Axelar to launch the cross-chain solution Ondo Bridge, inspired by Circle's cross-chain transmission protocol (CCTP). Ondo Bridge allows users to issue native tokens on Axelar-supported blockchain networks, including Ondo's tokenized bill USDY. Axelar's programmable cross-chain platform will enable Ondo to automatically manage USDY supply. The initial deployment will be done through Axelar-based cross-chain liquidity router Squid. It is worth mentioning that Axelar played an important role in the development of Composable USDC by combining its General Message Passing technology with Circle's CCTP. According to reports, Axelar seamlessly connects over 50 blockchain networks and has become a partner of multiple mainstream RWA issuers. Its decentralized security and permissionless programmability have been recognized by large enterprises such as Microsoft, making it an important tool for integrating on-chain and off-chain systems. Its supporters include Binance, Coinbase, Dragonfly, Galaxy, and Polychain, among others.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Thailand seizes 63 illegal crypto mining rigs that stole over $327k in electricity
Crypto Sniper Incurs $465K in Losses on $XZY Token within 1 Hour
Expert Says Holding Just 1,000 XRP Could Be the Best Financial Decision of Your Lifetime
Chinese Analyst Assesses Ethereum’s Status, Says “Whales Have Run Out of Purchasing Power” – Here’s What He Expects
Chinese cryptocurrency analyst phenomenon Murphy evaluated the latest status of Ethereum in his statement. Here are the details.
Trending news
MoreCrypto prices
More








