Axelar USDC Question

CosmosCosmos
$7.25
‑0.93%
self.cosmosnetwork1m ago
Anyone willing to explain exactly how this functions? Since this is now the stable coin that replaced UST on osmosis I would like to understand what my risks are. How does this differ from the USDC that you can purchase on crypto.com. Also, would this face any challenges of the project failing or somehow losing its peg?