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Axelar Network
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Axelar is the only protocol delivering: ✅ Proof-of-stake consensus ✅ 75+ validators ✅ Updatable compliance contracts ✅ Chain-level isolation from security breaches See why it’s the multichain layer of DAMA 2: http://axelar.network/dama-2-litepaper
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Logic is hosted on the EVM sidechain. Issuance takes place on the XRP Ledger. This is what General Message Passing is delivering for @StrobeFinance + a new generation of XRP ecosystem dApps.
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Axelar is the chosen interoperability solution for institutions bridging into XRPL. Cheers to $100M in daily cross-chain volume (and counting) 🎉
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Another 7-figure transfer of @MidasRWA $mTBILL into the XRP Ledger EVM 👀 https://axelarscan.io/gmp/0xda777c08ce2ac3844192f25abc52e9cb30c9e8e30fcff7dff33a6807fce7782b-7 Probably nothing.
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"You could have a stablecoin of an issuer on some other chain that you bridged it to. Unless you can actually redeem it there, you have to question, what's the actual value of that stablecoin? Because I don't think it's a dollar." 🤔
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