PRESS RELEASE
Multichain has integrated with the RSK blockchain to facilitate the transfer of ETH, USDC, BUSD, and other assets between RSK, Ethereum, and BNB Chain. It marks a significant achievement for Multichain by integrating the first Bitcoin sidechain to enable greater access to DeFi on Bitcoin.
July 4 – Gibraltar, UK – Users of the Multichain bridge can now benefit from the addition of Rootstock (RSK). Multichain supports over 53 blockchains, 2400+ bridges, and thousands of assets, including ETH, USDC, BUSD, BNB, WBTC, and DAI.
To date, Multichain processes hundreds of millions of dollars in daily volume thanks to its growing community spanning thousands of daily users. Moreover, Multichain represents over $3 billion in Total Value Locked, making it one of the top players in the cross-chain field.
Adding support for Rootstock signifies a new chapter for Multichain. RSK is the first sidechain on Bitcoin to be integrated. It holds a unique position between Bitcoin enthusiasts and EVM-powered DeFi on the most secure smart contract platform in the world.
Multichain’s integration of Rootstock provides core benefits to builders leveraging RSK. For instance, they do not need to spend resources on building bridges to access capital and addressable markets. Additionally, they have a shorter time to market for new platforms built on RSK. Lastly, the ongoing updates and optimizations of the Multichain bridge will benefit RSK builders.
Multichain recently introduced a new version of its anyCall interoperability protocol enabling cross-chain messages and name contracts. It will be a powerful tool for the development of cross-chain decentralized applications on Rootstock and other supported networks.
Users can start bridging their ETH, USDC, BUSD, BNB, WBTC, and DAI between RSK, Ethereum, and, coming soon, BNB Chain. Multichain will make further chains and tokens available for RSK network bridging over the coming weeks and months.
RSK Co-Founder Diego Gutiérrez Zaldívar said on the integration, “I’m excited to see Multichain choose to integrate RSK as its first Bitcoin layer 2. RSK is home to the fastest-growing DeFi for Bitcoin ecosystem with protocols that are built to last and provide real solutions to the issues users face in centralized finance. This is a huge step forward in interoperability for RSK that means thousands of new users can access these DeFi services.”
About Multichain
On July 20th, 2020, Multichain was born as Anyswap to address the clear need for distinct and diverse blockchains to communicate with one another. Multichain promotes interoperability across different networks and actualizes smooth asset and value transfers through its cross-chain architecture. Multichain is leading the cross-chain sector with over 53 (and growing) non-EVM and EVM chains integrated.
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About RSK:
RSK is the world’s most secure smart contract network. By utilizing merged mining to leverage the security of the Bitcoin Network, and enabling EVM-compatible smart contracts, RSK is facilitating the growth of a new decentralized global economy.
For press inquiries contact magdalena.wilma@iovlabs.org
