Like most bridges, Multichain makes use of a mint-and-lock mechanism to maneuver belongings between the 92 blockchains it interacts with. For instance, if a holder of USDC stablecoin bridges the asset from Ethereum to Fantom through Multichain, the token will get locked up in a sensible contract on Ethereum after which issued anew on Fantom – on this case, as a “wrapped” token referred to as anyUSDC.
