Recently, it was discovered on FTM that USDT/USDC was issued by Multichain, which surprised many people. When using cryptocurrencies, the most important thing is to keep your assets safe. Therefore, it is very important to understand the chain on which the cryptocurrency resides and its officially supported cross-chain bridges. In this article, Miaowa Seeds will take you to understand how to judge which U on the chain is an officially issued original asset, and how to determine its cross-chain bridge support. The following is the text:
USDT/USDC on FTM turned out to be made by Multichian? Many friends watched the excitement and found that their own houses had collapsed.
Enter
USDC：EnterWebsite homepageAfter that, scroll down to the FAQ, and there is an article stating that USDC is native on 8 chains, Ethereum/Solana/Avalanche/TRON/Algorand/Stellar/Flow/Hedera, and other chains are bridge assets.
Although the USDC on Polygon has been obtainedCircelIt is officially supported by the Circle account, which can be directly deposited and withdrawn from the Circle account, but it is still officially bridged by Polygon rather than native. However, Circle is officially willing to support it, which shows that its security is still recognized to a certain extent.
USDT：There are all natively supported chains under the Traspanrency page of the official website. It can be noticed that the Omni here is the ancestor of the so-called BRC 20 that OG frequently said recently, and USDT was initially issued on BTC/Omni.
It is not a chain of native assets, so what kind of cross-chain bridge is it supported by?
We can query through DeFillama, enter the Stablecoins TAB on the left and click on USDC to see which bridges the USDC of each chain is supported by.
If you can’t find it on DeFillama, you can only Google, or look for information on the blockchain browser. For example, FTMScan pointed out that the USDC is supported by Multichain.
Of course, here you will be surprised to findU in L2 is currently non-native.But dont panic, L2 is based on XXXXXX technology, simply putAt present, these mainstream L2 bridging assets are generally safer than L1,able to passl 2b eatLets take a brief look at the risks.
Yes, after reading it, you must also understand that the complaints about the slow work of the OP team are not groundless.
all in all,Try to hold the original assets of the mainstream chain.Otherwise it will become: Not your keys, not your coins. But your coins are issued by Multichain!
