Like most bridges, Multichain makes use of a mint-and-lock mechanism to maneuver property between the 92 blockchains it interacts with. For instance, if a holder of USDC stablecoin bridges the asset from Ethereum to Fantom by way of Multichain, the token will get locked up in a sensible contract on Ethereum after which issued anew on Fantom – on this case, as a “wrapped” token referred to as anyUSDC.
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Key TakeawaysThe U.S. Securities and Exchange Commission (SEC) cleared Securitize’s S-4 filing, with CEPT shareholders set to vote on June...
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure South Korean financial authorities have reportedly amended...
Hyperliquid’s core contributor vesting schedule is releasing another tranche of HYPE tokens this June, continuing the monthly unlock cadence that...
Bitcoin is struggling as the price tests $62,000 as support — a level that would represent a significant extension of...
