Like most bridges, Multichain uses a mint-and-lock mechanism to move assets between the 92 blockchains it interacts with. For example, if a holder of USDC stablecoin bridges the asset from Ethereum to Fantom via Multichain, the token gets locked up in a smart contract on Ethereum and then issued anew on Fantom – in this case, as a “wrapped” token called anyUSDC.
jumps to $76k as Iran says Strait of Hormuz ’completely open’ By Investing.com
Investing.com-- jumped above $76,000 on Friday after Iran declared the Strait of Hormuz completely open to commercial traffic during the...
