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Jafrin Ahmed
May 30, 2022
by Jafrin Ahmed

Cardano-Ethereum Bridge Goes Live for USDC Transfers

USDC bridge Ethereum Cardano
USDC can now be bridged from Ethereum to the Cardano network through Iagon’s cross-chain bridge powered by the Milkomeda sidechain. Users can now convert USDC from Ethereum to Milkomeda and subsequently to Cardano as a Cardano Native Asset.

Recently launched in beta version, Iagon Token Bridge is a token converter designed for unwrapping and wrapping Iagon's native asset (IAG) tokens on the Ethereum and Cardano blockchains. The bridge plans to add other ERC-20 tokens in the future and currently supports USDC at the moment.

To perform a swap, users need at least 4 milkAda tokens in their wallets, which is required by Milkomeda and Iagon Token Bridge. If a user does not have enough or any milkAda tokens in a wallet, they can transfer ADA from any Cardano wallet to EVM wallet to receive their tokens.

After obtaining the necessary tokens, users need to proceed to the bridge page and connect their Cardano wallet with Nami or Flint wallets. Users would then need to choose Milkomeda C1 and then send their ADA to the provided address.

Cardano’s ecosystem has gone a long way since its debut in 2015. After the Alonzo hard fork, which enabled the building of Dapps and smart contracts, it became a key player in the DeFi sector. As the next hard fork approaches, Cardano’s development effort is high. Early in May, the index had plummeted, but as the Vasil Hard Fork event neared, it started to rise again.

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Cardano Ethereum Bridge Milkomeda USDC Bridge
Cardano-Ethereum Bridge Goes Live for USDC Transfers
Jafrin Ahmed
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

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