Stablecoin Bridging

Wrapped asset bridging at ChainPort enables stablecoin transfers by locking tokens on the source blockchain and minting equivalent tokens on the target blockchain. Up to 98% of locked tokens are stored in cold storage vaults with MPC and multi-sig technology provided by Fireblocks and Gnosis Safe. This method ensures secure, efficient cross-chain movement for stablecoins, maintaining their value and integrity across multiple networks. Wrapped asset bridging is also supported via ChainPort’s Private Bridge.

External cross-chain transfer protocols facilitate stablecoin movement across different blockchain networks. For example, Circle's CCTP can be used for USDC bridging at ChainPort via Circle’s bridged USDC standard. This allows USDC holders to bridge their tokens across CCTP and ChainPort’s supported chains quickly and securely. Read about CCTP at ChainPort.

Native Token Bridging facilitates the transfer of stablecoins across different blockchain networks. Tokens retain their native characteristics while gaining the ability to move across various blockchains. Liquidity must be added to the bridge contract to enable it. Users' tokens are deposited in the bridge contract, and they receive the equivalent amount of native tokens on the target chain. Explore Liquidity Pools.

Hybrid Bridging transfers wrapped stablecoins like wETH and wBTC across multiple blockchain networks, increasing trader interest and activity on DEXs.

It combines lock-and-mint and native token bridging methods. For chains without native support for the tokens, the protocol locks tokens on the original chain and mints wrapped tokens on the destination chain. For chains with native support, it uses native token bridging for smooth transfers without additional minting.

Liquidity bridging on ChainPort enables seamless cross-chain transfers using decentralized liquidity pools. By swapping stablecoins like USDT through a process involving xUSD tokens, this method ensures stability and transparency. Liquidity providers can contribute single-sided or multi-asset liquidity, earning a share of bridging fees while supporting efficient cross-chain transactions. Explore Liquidity Pools.