Stablecoin firm Brale says new protocol can remove a major hurdle to scaling custom tokens
Today’s bridge model won’t scale as hundreds of companies issue their own stablecoins, fragmenting liquidity, Brale CEO Ben Milne said in an interview.
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Summary
- Stablecoin infrastructure firm Brale introduced ION Protocol, an interoperability system that lets participating stablecoins move across blockchains by burning tokens on one chain and minting them on another.
- The testnet debut comes amid rapid growth and fragmentation in the stablecoin market, with more than 350 tokens and over $300 billion in market capitalization.
- Unlike traditional blockchain bridges that rely on pre-funded liquidity pools, ION aims to reduce capital requirements and address what Brale sees as a scaling bottleneck for custom stablecoins.
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Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.
Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.
Why it matters:
Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.
