Satellite, in collaboration with Axelar Network, introduces a groundbreaking solution for seamless $USDC transfers between Ethereum and #HAQQ . Leveraging the power of Axelar's cross-chain communication infrastructure, users can initiate this process at #satellite.money .
To commence, users select 'Ethereum' as the source chain and 'HAQQ' as the destination. Interfacing with MetaMask or compatible wallets, users unlock their wallets to initiate the transfer. The process involves specifying the desired amount of USDC stablecoin for migration to HAQQ.
Behind the scenes, the transformation transpires effortlessly. USDC on Ethereum undergoes a metamorphosis into axlUSDC on HAQQ, all facilitated through the user's Keplr Wallet. Precision is paramount, as users must meticulously input the intended USDC amount. Subsequently, the system generates a deposit address.
A critical checkpoint is reached when users approve the transaction, confirming the accurate transfer of $USDC to Haqq. This innovative solution not only simplifies the cross-chain transfer process but also aligns with Shariah principles, ushering users into a Shariah-compliant #DeFi landscape.
Satellite's integration with #Axelar Network signifies a significant stride in decentralized finance, providing a secure and efficient bridge between $ETH and HAQQ. As users embark on this transformative journey, the convergence of technical sophistication and Shariah compliance marks a noteworthy milestone in the evolution of cross-chain interoperability.