Moonwell, a decentralized lending and borrowing protocol, enabled cross-chain lending of Circle’s USDC stablecoin to Moonwell from Ethereum networks with a tool called USDC Anywhere.
Moonwell can detect USDC in user wallets on Arbitrum, Avalanche, Base, Ethereum, Optimism and Polygon, using Circle’s cross-chain protocol to transfer the stablecoin to the platform. This move eliminates the need to manually bridge assets and allows users to send USDC throughout the Ethereum ecosystem by using their digital assets on Moonwell, a company said. Edition.
Coinbase’s Etheruem Layer 2 Base is the backbone of USDC Anywhere.
“Base serves as the liquidity hub for this function, combining the robust security of the Ethereum mainnet with the affordability and flexibility of modern Layer 2 solutions,” Moonwell wrote in the statement. “Coinbase has also made it easy to acquire USDC on their central exchange, offering free transfers to and from Base and free conversions to USD.”
Moonwell’s USDC Anywhere also uses the Socket interoperability protocol to process a user’s gas before their funds reach the new network.
About the author
MK Manoylov has been a reporter for The Block since 2020, joining just before Bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering all crypto news, but with a bias toward NFT, metaverse, web3 gaming, finance, crime, hack, and crypto ecosystem stories. MK is a graduate of New York University’s Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.
can i buy clomid where to buy generic clomid buying clomiphene tablets generic clomid walmart buy clomid buy cheap clomiphene price how to buy clomiphene pill
I couldn’t turn down commenting. Adequately written!
I couldn’t turn down commenting. Warmly written!
order azithromycin 250mg pill – order azithromycin 500mg online cheap order flagyl 200mg sale
semaglutide 14mg generic – buy rybelsus pills for sale periactin 4 mg us
buy cheap generic motilium – order flexeril without prescription order flexeril 15mg pills
order generic zithromax – zithromax 500mg generic nebivolol ca
clavulanate where to buy – https://atbioinfo.com/ acillin generic
esomeprazole 40mg tablet – https://anexamate.com/ order esomeprazole 40mg pill
warfarin tablet – https://coumamide.com/ hyzaar us
buy cheap meloxicam – mobo sin meloxicam oral
buy prednisone 5mg sale – https://apreplson.com/ buy prednisone online cheap
where to buy ed pills online – fastedtotake.com erection pills viagra online
fluconazole online – fluconazole generic order diflucan 200mg
order cenforce 50mg online – click buy cenforce generic
buy tadalafil online no prescription – ciltad generic cialis 5mg daily
buy zantac without prescription – ranitidine for sale online buy ranitidine generic
This is the kind of advise I recoup helpful. site
Thanks an eye to sharing. It’s outstrip quality. https://buyfastonl.com/amoxicillin.html
I’ll certainly carry back to read more. https://ursxdol.com/furosemide-diuretic/
The thoroughness in this piece is noteworthy. https://prohnrg.com/product/loratadine-10-mg-tablets/
I am in fact thrilled to glance at this blog posts which consists of tons of useful facts, thanks representing providing such data. https://aranitidine.com/fr/lasix_en_ligne_achat/
More peace pieces like this would make the web better. https://ondactone.com/spironolactone/