Glad to announce the seamless transfer of #USDC across Ethereum Mainnet, #HAQQ , and more than 50 other chains through Axelar Satellite. Our dedication revolves around harmonizing Shariah-compliant principles with state-of-the-art technology, aiming to create a fair and sustainable financial system. Axelar, our esteemed partner, facilitates secure cross-chain communication for #Web3🤝🥊🌐 , effortlessly linking dApp users to assets and applications on various chains with just one click.
Axelar's robust infrastructure establishes connections with 50+ blockchains, encompassing #Cosmos and EVM, accommodating diverse consensus methods. The significance of stablecoins like USDC in DeFi ecosystems cannot be overstated, boasting a market cap exceeding $24 billion. These stablecoins provide stability amid crypto market volatility, ensuring consistent trade, lending, and borrowing practices. Now, users within the HAQQ ecosystem can effortlessly navigate USDC across HAQQ and other chains supported by Axelar, potentially bolstering liquidity and advancing Shariah-compliant #DeFis use-cases.
Intriguingly, we're actively exploring the integration of Sharia-compliant gold-backed tokens. These tokens adhere to Islamic financial principles, presenting a stable and ethical investment option. By seamlessly integrating with Axelar, our goal is to enhance the accessibility of these gold-backed tokens, facilitating smoother cross-chain transactions and fostering broader DeFi adoption. This initiative paves the way for users seeking financial services in adherence to Sharia law, combining the stability of gold with the innovative prospects of decentralized finance.
In summary, our collaboration with Axelar empowers users to move USDC effortlessly across chains, thereby deepening liquidity within the HAQQ ecosystem. Additionally, our exploration of Sharia-compliant gold-backed tokens holds the promise of introducing ethical investment options and expanding DeFi opportunities for users following Sharia principles.