Safer cross-chain assets: Mexican stablecoin Xocolatl adopts the xERC20 standard

https://twitter.com/LaDAO_Club/status/1689048748293595139

LaDAO del Xocolatl is adopting the new open cross-chain token standard for their Mexican Peso stablecoin $XOC. Their adoption of this standard means that LaDAO is in control of which bridges are supported and how many tokens each of them can mint, so risk can be minimized.

In emerging economies such as this Latin American country there’s a big demand for tokens to be available on many chains, particularly the cheaper ones to transact on. By being an xERC20, the liquidity costs of supporting multiple bridges and the slippage associated with cross-chain swaps are both eliminated.

With non-USD stablecoins gaining traction, how do you see the landscape of cross-chain stablecoins evolving?