MultiversX Tracker is Live!

How does USDT or Chainlink bridging work?

Etherum Reddit

More / Etherum Reddit 94 Views

I understand how wrapping works, like wrapped BTC: you just store it in a vault on its original blockchain through a counterparty and then that counterparty mints a wrapped token designed to be a representation of that token on a desired blockchain which you can later redeem for your original token in its original blockchain. But what about tokens like USDT or Chainlink? They are on Eteherum and Polygon and Solana and many others. Are they wrapped tokens? And how do they bridge exactly? How does their bridging works?

Thank you for the answers in advance! Hope you have a good day!

submitted by /u/RamazanBlack
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments