CoinDesk·4 min read·hard
Stablecoin firm Brale says new protocol can remove a major hurdle to scaling custom tokens
K
Krisztian Sandor
✦AI Summary
Stablecoin firm Brale has launched the ION Protocol to facilitate the movement of custom tokens across different blockchains without the need for pre-funded liquidity pools. The protocol uses a burn-and-mint model to address the scalability challenges faced by the growing ecosystem of branded stablecoins.
Dubbed ION Protocol, it allows participating stablecoins to move between blockchains by burning tokens on one network and minting an equivalent amount on another. Unlike most blockchain bridges, the model does not require liquidity pools to be pre-funded on every supported chain.
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