According to CoinDesk, stablecoin infrastructure company Brale has launched the ION Protocol, enabling participating stablecoins to cross-chain via destruction on the source chain and equivalent minting on the target chain, without requiring pre-funded liquidity pools on each supported chain. Brale currently supports over 100 stablecoin projects across more than 30 blockchains. ION employs a burn-and-mint mechanism similar to Circle’s CCTP and is open to any participating stablecoin issuer. The protocol will first launch on testnets with partners including Monad, Rain, Coinflow, Turnkey, Etherfuse, Spark, and Canton, followed by mainnet deployment.
Brale Launches ION Protocol to Address Stablecoin Liquidity Bottlenecks
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Summary
Brale has launched the ION Protocol, a new on-chain news initiative designed to address stablecoin liquidity challenges. The protocol enables stablecoins to move cross-chain using a burn-and-mint model, eliminating the need for pre-funded liquidity pools. Brale supports over 100 stablecoin projects across more than 30 blockchains. ION mirrors Circle’s CCTP and is open to all stablecoin issuers. The protocol update will first launch on testnets with partners including Monad, Rain, and Coinflow before mainnet deployment.
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