Mountain Protocol has announced its collaboration with Chainlink's oracle network for facilitating cross-chain transfers of its yield-bearing stablecoin USDM. The USDM token is fully collateralized by US Treasuries. Through the integration of Chainlink's cross-chain interoperability protocol (CCIP), Mountain Protocol will enable seamless transfers of USDM across Ethereum, Optimism, Arbitrum, Base, and Polygon PoS. Users can utilize the Chainlink-powered XSwap bridge for these transactions. This partnership marks the latest CCIP integration in the blockchain space, offering users simplified transfers, unified liquidity, and enhanced security. By leveraging CCIP for USDM transfers, tokens are burned on the originating blockchain and minted on the destination chain, ensuring consistency in supply and transaction integrity. This integration opens up opportunities for decentralized finance activities on various supported chains, contributing to the growth of the tokenized real-world assets market and expanding DeFi accessibility to a wider audience. Read more AI-generated news on: https://app.chaingpt.org/news