Avalanche Foundation grants VIA Labs to develop cross-chain protocol Proto-USD
2025-01-09 00:14:24
On January 9th, the Avalanche Foundation announced that VIA Labs has received a grant through the InfraBUIDL () program. VIA Labs is using the funds to develop the Avalanche ecological cross-chain protocol Proto-USD.
According to the presentation, Proto-USD simplifies cross-chain liquidity, enabling USDC to easily transfer between Avalanche L1 and other networks, with the aim of improving the accessibility, scalability, and overall connectivity of the Avalanche ecosystem.
According to the presentation, Proto-USD simplifies cross-chain liquidity, enabling USDC to easily transfer between Avalanche L1 and other networks, with the aim of improving the accessibility, scalability, and overall connectivity of the Avalanche ecosystem.
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