MANTRA and Squid have announced an integration for cross-chain USDC bridging to MANTRA EVM, enabling enhanced liquidity movement between chains.
This integration highlights MANTRA’s strategic focus on cross-chain transactions, potentially impacting liquidity dynamics and USDC availability in the crypto ecosystem.
MANTRA EVM’s USDC Bridging Stuck Without Guidelines
The official MANTRA guide currently supports USDC bridging to MANTRA EVM only via the Hyperlane Nexus Bridge. Squid’s integration with MANTRA remains without a dedicated guide, indicating no formal steps for USDC bridging using Squid.
Key players like MANTRA and Squid confirm integration, yet documentation for Squid’s role is absent. The community and developers await further instructions on the USDC bridging process through Squid’s system.
Limited USDC Access Impacts MANTRA’s Liquidity
Despite confirmed integration, the absence of a detailed Squid bridging guide limits user access and potential liquidity influxes for MANTRA EVM. Community members are keen on future announcements for utilizing this cross-chain tool.
The current financial speculation relies on MANTRA’s broader USDC support through established methods. Historical usage patterns suggest significant interest once Squid bridging becomes fully operational and documented.
“The Hyperlane Nexus Bridge allows users to seamlessly bridge assets directly to MANTRA chain from any EVM chain, including USDC and USDT.” — John Patrick Mullin, Founder and CEO, MANTRA
Hyperlane Nexus: Current Standard for USDC Bridging
Previously, USDC bridging into MANTRA EVM has been achieved through Hyperlane Nexus. Similar flow patterns could be expected with Squid once operations commence, enhancing MANTRA’s liquidity strategy.
Experts indicate that Squid’s cross-chain model often generates increased asset flow, akin to past integrations like Polygon or Binance Smart Chain, once the bridging guide becomes publicly available.
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