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Owlto is driving the cross-chain infrastructure for a USD1-backed stablecoin, aiming to achieve full-chain interoperability with USD1 as the core.
BlockBeats News, July 3rd: In July, the cross-chain protocol Owlto Finance promoted a stablecoin multi-chain interoperability infrastructure centered around the USD1 stablecoin project supported by the Trump family. This product's strategic upgrade focuses on three main directions:
1) Achieving full-chain cross-chain circulation of USD1;
2) USD1 holders can stake on any chain and withdraw from any chain, while receiving cross-chain transaction fees and other DeFi protocol-generated compound income;
3) After the "Genius Act" is passed, USD1 will become the core relay asset for cross-chain stablecoin exchanges, expanding its ecosystem's applicable scenarios.
Owlto will build cross-chain infrastructure for USD1 and bring a real user base to enhance its on-chain liquidity and stablecoin market competitiveness.
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