Taking native stablecoins and RWAs cross-chain with a solution inspired by Circle’s CCTP
NEW YORK–(BUSINESS WIRE)–$AXL #axelar–Ondo Finance, the leading issuer of tokenized secure notes and on-chain Treasuries, joins forces with Axelar, the leading Web3 interoperability platform, to introduce Ondo Bridge, an innovative cross-chain solution inspired by Circle’s Cross-Chain Transfer Protocol (CCTP). The Ondo Bridge simplifies the movement of Ondo Tokens such as the yield-bearing stablecoin USDY across blockchain networks for a seamless user experience.
Bridging the Gap for Cross-Chain Tokenized Financial Instruments
Ondo Bridge goes beyond the wrapped assets used by traditional bridges, supporting issuance of native tokens including Ondo’s USDY across blockchain networks supported by Axelar. USDY is a tokenized note secured by short-term US Treasuries and bank demand deposits with $35M in TVL.
This integration ensures that tokens transferred between networks remain nati
We współpracy z: https://thenewscrypto.com/ondo-finance-and-axelar-integrate-for-cross-chain-tokenized-secure-notes/
