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About Axelar Bridged USDC
axlUSDC is a wrapped, multi-chain representation of USDC, the US dollar stablecoin issued by Circle. For every unit of axlUSDC, a corresponding unit of USDC is locked in an Axelar Gateway on Ethereum. As a bridged asset, axlUSDC is secured by Axelar's decentralized network of validators using multi-party cryptography and a delegated Proof-of-Stake consensus mechanism. The token is designed to enable USDC liquidity to flow seamlessly across various blockchain ecosystems, allowing users to move the asset between chains without needing to return to the source chain. It can be acquired via cross-chain bridges like Satellite, liquidity routers like Squid, or various decentralized exchanges across the supported networks.
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