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.
You may also like

Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth

Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot

Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply

Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer

Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?

$1.3 Billion Debt: BitDeer Faces Tough Battle

Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No

Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund

Ethereum Unveils Scaling Roadmap, What's Different This Time?

Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?

Morning News | OpenAI receives $110 billion investment; Solana launches Solana Payments; M0, MoonPay, and PayPal jointly launch PYUSDx

Bloomberg: A Romanian Presidential Election Intervened by Crypto Traders

Founders Fund, Pantera, and Franklin Templeton join Sentient's "Arena" to stress test enterprise-level AI agents

Why Retail Is Shifting From Crypto to Equities: Will They Return?
Retail traders are exiting the crypto market and gravitating towards equities. Bitcoin saw a notable reduction in spot…

Canton Crypto Network vs. XRP: Understanding DTCC’s Strategic Approach to Infrastructure and Liquidity
Key Takeaways Canton Network and XRP serve distinct roles in blockchain technology: Canton for asset tokenization and atomic…

Jack Dorsey’s Block to Cut 4,000 Jobs in AI-Driven Restructuring
Key Takeaways Block’s significant job cuts aim to streamline operations for AI-driven growth. The company’s stock surged over…

Axiom Crypto Uncovered: ZachXBT Reveals $400k Insider Trading
Key Takeaways Allegations of insider trading at Axiom Crypto involve approximately $400,000 and a complex scheme where employees…

Ethereum 2029 Roadmap: ETH to Become the High-Speed Internet of Value
Key Takeaways Ethereum’s new roadmap, the “Strawmap,” aims for a settlement layer achieving 10,000 transactions per second (TPS)…