Resources
axlUSDC
What axlUSDC is, how it's backed, and how to get it.
axlUSDC is Axelar's wrapped USDC. Each axlUSDC is backed by one USDC locked in the Axelar gateway on Ethereum.
- Minting. Depositing USDC at the Ethereum gateway mints the same amount of axlUSDC on the destination chain, minus fees. Sending it back burns it and releases the USDC.
- Moving between chains. Once minted, axlUSDC moves from chain to chain directly, without going back through Ethereum.
- Security. On EVM chains, axlUSDC is a gateway token on consensus chains: the gateways that lock, mint and release it only accept approvals signed by Axelar's validators, weighted by the square root of their stake (quadratic voting). On Cosmos chains, it arrives over IBC from the Axelar chain. See Security & Bug Bounty.
axlUSDC is widely used in the Cosmos ecosystem, including as the main USDC on Osmosis. Its token address on each chain is under Assets.
Get axlUSDC
- The Axelar App: bridge USDC from Ethereum, or move axlUSDC between chains.
- Squid: swap any token on a connected chain into axlUSDC on another.
- DEXs: trade it in liquidity pools on many connected chains; see this list of pools.
To send axlUSDC with a message from a contract, use Messages with tokens.