After the Multichain incident, how to identify which stablecoins on the chain are native assets?

Try to hold the original assets of the mainstream chain.

Written by: CapitalismLab

USDT/USDC on FTM turned out to be made by Multichian? Many friends watched the excitement and found that their own houses had collapsed.

Briefly talk about how to know which U on the chain is the official original asset, if not, how to know what cross-chain bridge is supported, SAFU!

USDC: After entering the homepage of the official website, scroll down to the FAQ, and there is an article stating that USDC is native on 8 chains, Ethereum/Solana/Avalanche/TRON/Algorand/Stellar/Flow/Hedera, and other chains are bridge assets.

Although USDC on Polygon has been officially supported by Circel and can be directly deposited and withdrawn from Circle accounts, it is still officially bridged by Polygon rather than native. However, Circle is officially willing to support it, which shows that its security is still recognized to a certain extent.

USDT: There are all natively supported chains under the Traspanrency page of the official website. It can be noticed that the "Omni" here is the ancestor of the so-called BRC 20 that OG frequently said recently. USDT was initially issued on BTC/Omni.

It is not a chain of native assets, so what kind of cross-chain bridge is it supported by?

We can query through DeFillama, enter the Stablecoins TAB on the left and click on USDC to see which bridges the USDC of each chain is supported by.

If you can’t find it on DeFillama, you can only Google, or look for information on the blockchain browser. For example, FTMScan points out that the USDC is supported by Multichain.

Of course, here you will be surprised to find that U in L2 is still non-native. But don’t panic, L2 is based on XXXXXX technology. Simply put, these current mainstream L2 bridging assets are generally safer than L1, and you can simply look at their risks through l 2b eat.

Yes, after reading it, you must also understand that the complaints about the slow work of the OP team are not groundless.

All in all, try to hold the original assets of the mainstream chain. Otherwise it will become: Not your keys, not your coins. But your coins are issued by Multichain!