From Warp Routes to Unified USDC Balances
Last Week In The Multi-Chain Ecosystem (21 - 27 July '25)
Welcome to the interop/acc newsletter — a weekly curation of the major updates and announcements from the industry’s leading interop protocols and ecosystems.
Interop Protocols
1) Introducing Hyperlane Warp Routes 2.0 — bridged tokens can now be backed by collateral on multiple chains and rebalanced automatically, offering a solution to the unrwapping problem with synthetic assets.
2) Introducing Relay Depository — lets users deposit tokens into the Relay Protocol from any supported chain, which can then be used to perform actions on Relay Hub.
3) Everclear secures strategic investment from the NEAR Foundation — capital deployed via equity $CLEAR acquisition, and an operational loan.
4) Introducing deBridge Reserve Fund. deBridge treasury currently holds assets worth $28.65M.
5) Circle Gateway, a new primitive for unified USDC balance is now live on testnet.
Interesting Resources
1) State of Stablecoins by Messari.
2) Pod: Nerds are cooked: finding your edge in the age of AI ft. Arjun Bhuptani.
3) Pod: The Real Story Behind Everclear's Growth with Arjun Bhuptani.
4) How Across V4 works under the hood.
5) Reading the TEA (Total Economic Activity) Leaves: the metric that matters for blockchains.
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