CandleFocus Mountain Protocol Integrates Chainlink CCIP for USDM Stablecoin
2024-10-18
Author: Content Editor
Mountain Protocol has announced the integration of Chainlink CCIP to enhance user security and usability for its stablecoin USDM. This industry standard for cross-chain interoperability will facilitate secure token transfers on platforms like Ethereum, Arbitrum, and Polygon POS. The process involves burning USDM tokens and minting new ones, which are securely transmitted through Chainlink's network. Despite recent integrations, Chainlink's LINK token has shown bearish momentum, but the CCIP expansions are expected to generate positive outcomes for the platform. Mountain Protocol and USDM have also been gaining prominence, with USDM being chosen as an asset in Ethena's $46.6 million RWA Reserve Fund.
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