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HomeFinanceStargate Group Proposes to Take away Fantom USDC Pool to Mitigate Threat

Stargate Group Proposes to Take away Fantom USDC Pool to Mitigate Threat

By Forex Crypto Zone

27 May 2023

Stargate, the LayerZero cross-chain bridge protocol, has responded to the latest “pressure majeure” incident affecting Multichain and the steadiness points surrounding all of USDC, Fantom’s major USDC asset.

To deal with these considerations and shield the ecosystem, Stargate has launched a full proposal and launched a one-choice voting system for threat mitigation and ecosystem integrity. The voting interval for the proposal started at 3:47 a.m. on Might 27, 2023 and can finish at 3:47 a.m. on Might 30, 2023.

Screenshot exhibiting the variety of votes for the proposal.

Proceed studying on Coin Telegraph

See also Blockchain.com CEO Says US Default Would Hit Crypto Initially

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