Axelar supports cross-chain RWA assets and stablecoins, and cooperates with Ondo Finance to launch Ondo Bridge

Ondo Finance, a tokenized financial product platform, and Axelar, a Web3 interoperability platform, have collaborated to launch Ondo Bridge, a cross-chain solution inspired by Circle’s Cross-Chain Transfer Protocol (CCTP). Ondo Bridge allows users to issue native tokens on the Axelar-powered blockchain network, including Ondo’s tokenized note USDY. Axelar’s ​​programmable cross-chain platform will enable Ondo to automatically manage USDY supply. Initial deployment will take place via Axelar-based cross-chain liquidity router Squid. It is worth mentioning that Axelar played an important role in the development of Composable USDC by combining its General Message Passing technology with Circle’s CCTP. According to reports, Axelar seamlessly connects to more than 50 blockchain networks and has become a partner of multiple mainstream RWA issuers; it provides decentralized security and permissionless programmability, and has received approval from large enterprises such as Microsoft. Recognition has become an important tool for integrating off-chain systems on the chain; its supporters include Binance, Coinbase, Dragonfly, Galaxy and Polychain, etc.