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.
Spot Bitcoin ETFs Surge with $363M Inflows, Extend 12-Day Rally to $6.6B
Spot Bitcoin ETFs recorded a internet influx of $363 million on Friday, marking the twelfth consecutive day of internet inflows...
