USDG od Paxos se nativně spustil na Mantle a lze ho tam přímo mintovat pro DeFi likviditu i institucionální vypořádání. Mantle se zároveň připojil k Global Dollar Network s více než 150 partnery.
Paxos-issued USDG has launched natively on Mantle, adding the Ethereum layer-2 network to a stablecoin coalition with more than 150 partners.
Summary
USDG can now be minted directly on Mantle and used for DeFi liquidity and institutional settlement. Mantle has joined the Global Dollar Network and can share in rewards generated by USDG activity. USDG had about $3.18 billion in circulation, ranking seventh among stablecoins tracked by DefiLlama. Mantle’s distributed RWA value reached $234.2 million after rising 19% over 30 days. USDG brings native stablecoin issuance to Mantle Global Dollar Network said in its announcement on Sept. 3 that USDG is now available as one of the first stablecoins issued directly on Mantle, allowing the token to enter circulation without relying on a wrapped version created through a third-party bridge.
Built as an Ethereum layer-2 network, Mantle uses Ethereum-compatible infrastructure while processing transactions away from the base chain. Developers can therefore use existing Ethereum tools while benefiting from the network’s lower transaction costs and higher capacity, according to the announcement.
USDG will provide a dollar-linked settlement and liquidity asset for Mantle’s decentralized finance applications and tokenized investment products. Mantle said intended uses range from DeFi transactions to capital allocation by institutions, though access to individual products remains subject to each issuer’s terms and local regulations.
Native issuance also changes the technical path used to place the stablecoin on the network. Instead of holding a token on another blockchain and issuing a bridged representation, Paxos can create and redeem USDG directly on Mantle. Paxos says each token is redeemable one-to-one for U.S. dollars.
USDG is already issued on Ethereum, Solana, Ink, X Layer and Robinhood Chain. In February 2025, crypto.news covered its Solana expansion, which gave institutions access through Kraken and Anchorage Digital and added payment, remittance, and treasury-management use cases.
According to DefiLlama data, USDG had approximately $3.18 billion in market capitalization and ranked as the seventh-largest stablecoin. Global Dollar Network placed circulation closer to $3.5 billion in Thursday’s announcement, a difference that may result from the timing and methods used by the two sources.
Mantle joins USDG’s 150-partner network Alongside the native launch, Mantle has joined the Global Dollar Network, a coalition built around the distribution and use of USDG. The group has more than 150 partners, including Kraken, Robinhood, Paxos, OKX, and Worldpay.
Global Dollar Network uses a reward-sharing structure under which participating companies can receive part of the income generated by assets backing USDG. The amount available to each participant depends on its role, activity and commercial agreement with the network.
For Mantle, partner status adds an economic layer to the stablecoin integration. The network can receive rewards tied to USDG adoption while developers obtain another dollar-linked asset for trading, lending, payments and settlement.
Paxos Digital Singapore issues USDG under the supervision from the Monetary Authority of Singapore. Within the European Union, Paxos Issuance Europe issues the token under the supervision of Finland’s Financial Supervisory Authority and in compliance with the Markets in Crypto-Assets Regulation.
Paxos publishes monthly reserve reports covering the assets backing USDG. The company says the stablecoin is fully backed by reserves and can be redeemed at par, while the Global Dollar Network distributes part of the reserve income to eligible business partners rather than automatically paying it to every token holder.
An earlier European rollout made USDG available through exchanges and custody companies including Kraken, Gate, SwissBorg and Zodia Custody. The MiCA-compliant launch gave Paxos separate regulated issuance arrangements for Singapore and the European Economic Area.
Mantle expands its tokenized asset business Native USDG arrives as Mantle adds tokenized equities, exchange-traded funds, commodities, U.S. Treasuries and asset-backed credit products. The Mantle team placed its RWA total value locked at about $240 million, compared with roughly $22 million a year earlier.
Separate data from RWA.xyz showed $234.2 million in distributed real-world asset value on Mantle as of Wednesday, up 19% over the previous 30 days. The difference between that figure and other estimates can stem from reporting dates and whether a provider measures distributed asset value, DeFi deposits or the full value of tokenized products.
Mantle said its ecosystem contains more than 700 tokenized assets. Recent additions include SPCXx, a product linked to privately held SpaceX, and USPXx, which tracks Franklin Templeton’s U.S. Equity Index ETF. Token terms can differ, meaning a blockchain token may provide direct ownership, an issuer-backed claim or only price exposure to the referenced asset.
More recent Blockworks Research data placed Mantle’s tokenized assets at about $330 million and its stablecoin supply near $550 million, taking the combined total to approximately $880 million. The same dataset counted 985 distinct tokenized products, including stocks, commodities, Treasury-linked assets, funds and yield-bearing stablecoins.
As previously reported in August, USDT0 accounted for about $440 million, or close to 80% of Mantle’s stablecoin supply at the time. USDe followed with $57.93 million, while USDC held $34.15 million and conventional USDT represented $12.96 million.
Adding USDG gives Mantle another regulated dollar product alongside USDT0, Ethena’s USDe, Agora’s AUSD, Circle’s USDC, Aave’s GHO and World Liberty Financial’s USD1. Mantle has said it wants stablecoin liquidity to support active onchain strategies rather than leave tokenized assets unused after issuance.
One such product opened to DeFi users in August after an earlier version distributed through Bybit passed $200 million in assets under management. The non-custodial vault accepts USDC and USDT0 through Fluxion, with CIAN designing the strategy and Grove connecting deposits to yield generated through the Sky ecosystem.
U.S. rules affect access to Mantle’s tokenized products For U.S. users, USDG’s dollar peg does not by itself confirm that every Mantle application, reward program or tokenized asset is legally available in the country. Eligibility depends on the issuer, distributor, product structure, platform terms, and applicable federal and state rules.
The distinction matters for Mantle’s equity-linked products. In a January 2026 statement, the U.S. Securities and Exchange Commission said a tokenized security remains a security when its ownership record is maintained partly or entirely through a crypto network. Moving an instrument onto a blockchain does not remove it from U.S. securities law.
Mantle’s tokenized products linked to SpaceX and Franklin Templeton’s U.S. Equity Index ETF therefore require separate review of their ownership rights and distribution limits. A token that follows an asset’s price may not give its holder shares, voting rights, dividends or a direct claim against the referenced company or fund.
USDG also enters Mantle while U.S. agencies prepare rules under the GENIUS Act, which became law in July 2025. The framework establishes reserve, redemption, disclosure and licensing requirements for approved payment-stablecoin issuers, including a pathway for foreign issuers from jurisdictions that U.S. authorities determine have comparable oversight.
Federal agencies had not completed all implementing rules by the statutory July 2026 deadline. The Office of the Comptroller of the Currency was targeting November for its final rule, while the law was scheduled to take effect on Jan. 18, 2027, or 120 days after regulators completed the required rules.
Mantle rozšířil svůj výnosový produkt z Bybitu do DeFi prostřednictvím non-custodial stablecoin vaultu. Původní verze na Bybitu přesáhla 200 milionů USD v AUM.
Mantle has expanded its real-world asset yield business into DeFi with a non-custodial stablecoin vault after its Bybit-based product crossed $200 million in assets under management.
Summary
$200 million was held in the earlier Mantle Vault product offered through Bybit. USDC and USDT0 depositors can access sUSDS-based yield without using leverage. CIAN designed the strategy, Grove supplies the yield source, and Fluxion provides access. Mantle’s launch materials list a target APY of up to 6.5% alongside token and point incentives. According to Mantle’s Aug. 25 X thread, the new product is available through Fluxion and combines infrastructure from CIAN and Grove to give stablecoin holders direct access to an onchain yield strategy.
The launch takes a product previously distributed through the centralized exchange Bybit and places a related version inside Mantle’s DeFi network. Users deposit USDC or USDT0 through Fluxion while keeping control of their assets, removing the need to hand funds to a centralized custodian.
Mantle said the vault uses a conservative, non-leveraged structure created by CIAN, the same protocol that helped build the original Bybit product. Grove connects the vault to yield generated through the Sky ecosystem, while Fluxion manages the interface through which users enter the strategy.
Mantle Vault uses sUSDS as its yield source Deposited stablecoins gain exposure to the yield earned by sUSDS, the savings version of Sky’s USDS stablecoin. Sky sets the applicable savings rate through governance, meaning the underlying return can change rather than remaining fixed for the life of a deposit.
Mantle described Grove’s role as connecting the vault to Sky’s Savings Rate and a set of governance-approved strategies. Grove operates within the Sky ecosystem and routes USDS liquidity into credit strategies through non-custodial vault infrastructure.
“Grove connects the vault to Sky’s Savings Rate, providing stablecoin deposits exposure to yield generated from diversified, governance-approved strategies,” Mantle said.
An Aug. 6 RWA deposit report from crypto.news found that sUSDS supply stood at 4.61 billion while its savings rate was 3.52% at the time of review. Sky states that governance can change the rate, so depositors should not treat either the underlying return or the vault’s advertised APY as permanent.
Mantle’s launch materials list a target APY of up to 6.5%. The campaign also includes Fluxion Points and 5.14 million GROVE tokens, adding promotional rewards above the return generated by the underlying strategy. Neither the points nor the token allocation represents a fixed cash return, and the value received by each depositor can depend on campaign rules, participation, and token prices.
CIAN packages the strategy inside the vault, allowing its positions and transactions to remain visible onchain. Mantle said the product does not use leverage, limiting one source of liquidation risk, though users remain exposed to smart-contract failures, stablecoin price movements, liquidity conditions and changes to Sky’s governance-set rate.
The DeFi vault changes how users access the strategy On Bybit, customers could enter Mantle Vault through the exchange without directly managing the strategy onchain. Bybit, Mantle and CIAN launched that version in December 2025, allowing users to deposit USDC or USDT through Bybit Earn while the assets moved into Mantle-based yield strategies.
The product later passed $200 million in assets under management. In its latest announcement, Mantle described the amount as evidence that the CeFi distribution model had attracted deposits before the team introduced a self-custodial route.
Through Fluxion, users now interact with smart contracts rather than relying on an exchange account to hold and deploy their stablecoins. Mantle summarized the difference by saying CIAN used the same type of construction for the new product, “except now, you keep your keys.”
Self-custody changes the party responsible for controlling the wallet but does not remove the risks attached to the underlying protocols. Depositors must manage their own keys and approve the required smart-contract transactions, while the strategy still depends on CIAN’s vault design, Fluxion’s interface, Grove’s infrastructure and Sky’s savings system.
The launch currently identifies USDC and USDT0 as the supported deposit assets. USDT0 is an omnichain version of Tether’s dollar token designed to move between supported networks, making it different from depositing standard USDT directly into the vault.
Mantle’s RWA activity has grown during 2026 The DeFi product follows an increase in tokenized assets and stablecoin liquidity across Mantle. In recent Mantle coverage, Nansen data showed that the network’s total DeFi value locked had exceeded $1 billion after growing 230% during the first half of 2026.
The same report placed RWA-focused DeFi TVL above $90 million and Mantle Vault assets above $200 million. Mantle’s stablecoin market capitalization reached $955 million, representing 120% year-over-year growth, according to Nansen.
Earlier figures supplied with the latest launch placed Mantle’s RWA TVL at $257 million, up from $22 million during the year, while total DeFi TVL exceeded $755 million. Differences between the figures can result from measurement dates and from the categories included by individual data providers.
Mantle has also added tokenized equity products to its network. Nansen counted 155 tokenized equities at the end of June, compared with 10 in April, including instruments linked to SpaceX and Franklin Templeton’s U.S. Equity Index ETF.
Tokenized products that track companies or funds do not automatically provide direct ownership, voting rights, or other protections attached to the underlying security. Eligibility also depends on the issuer, distributor, and jurisdiction, even when a blockchain product can technically be reached from any location.
U.S. rules leave stablecoin yield under scrutiny For American users, the vault’s availability depends on Fluxion’s terms, wallet restrictions, and applicable federal and state rules. Mantle’s statement about access without geographical limits does not establish that every product or incentive can legally be offered to every U.S. resident.
The distinction between stablecoin issuer payments and returns earned through an external DeFi strategy is also relevant in the United States. The GENIUS Act prevents payment stablecoin issuers from directly paying interest or yield to holders, while reward arrangements offered by exchanges, brokers, and DeFi platforms have remained part of the congressional debate.
Citigroup CEO Jane Fraser said in August that third-party stablecoin rewards could draw deposits away from banks, according to a report on the stablecoin rewards debate. Banking groups have asked Congress to restrict such programs, while crypto companies have argued that externally generated returns differ from interest paid by a payment stablecoin issuer.
The latest CLARITY Act language would prohibit passive yield on stablecoin balances while allowing certain activity-based rewards connected to payments, transfers or platform use. Mantle and its partners have described the new vault’s return as strategy-generated yield from sUSDS, with Fluxion Points and GROVE tokens added as separate incentives.
Mantle has accumulated about $880 million in stablecoins and tokenized assets as its onchain product range has expanded across equities, Treasuries, funds and yield-bearing assets.
Summary
Mantle holds about $550 million in stablecoins and $330 million in tokenized assets. USDT0 accounts for approximately $440 million, or nearly 80% of the network’s stablecoin supply. The network supports 985 distinct tokenized assets across six product categories. Mantle increased its tokenized equity selection from 10 products in April to 155 by late June. Mantle’s asset base approaches $880 million Blockworks Research data shows that Mantle’s stablecoin circulating supply has reached approximately $550 million, while tokenized assets on the network account for another $330 million. The two categories place the combined value at about $880 million.
Source: Mantle/Blockworks Unlike networks built mainly around one class of real-world assets, Mantle’s tokenized supply covers commodities, stocks, U.S. Treasuries, yield-bearing stablecoins, a pre-IPO vault and the MI4 tokenized fund. Blockworks counts 985 distinct tokenized assets across the network.
Andrew Forson, president of DeFi Technologies, told crypto.news that regulated tokenization systems could help jurisdictions retain investment activity rather than allowing capital to move elsewhere. He cited the UAE as one market that could benefit from bringing more assets onto regulated local infrastructure.
“By bringing liquidity into a range of assets via regulated rails, you prevent leakage of capital outside the region.”
Sovereign debt could also attract traditional capital through stablecoin inflows, electronic products and regulated investment wrappers, according to Forson. Tokenization provides another route into existing markets rather than taking capital away from conventional assets, he added.
“Whenever you are dealing with digital assets and tokenised instruments, it does not take away from traditional assets, it provides another vector for traditional capital to flow into these assets.”
Stablecoins provide most of the liquid capital available within the two categories. Based on the dashboard’s latest asset-level readings, their combined circulating supply stands at approximately $553.7 million, with USDT0 accounting for $440.03 million.
USDe ranks second with $57.93 million, followed by USDC at $34.15 million and conventional USDT at $12.96 million. AUSD contributes $5.15 million, while World Liberty Financial’s USD1 and Aave’s GHO account for $2.29 million and $1.23 million, respectively.
Calculated from the displayed figures, USDT0 represents close to 80% of Mantle’s stablecoin supply. The concentration means that most of the network’s dollar-linked liquidity comes from one asset, even though Mantle supports seven stablecoins.
Recent flows have added to the two largest positive movers. The dashboard recorded a daily USDT0 net inflow of $18.42 million and a USDC inflow of $9.94 million when the data was checked. Over 30 days, USDC supply increased 33.93%, while USDT0 rose 9.51%.
Smaller tokens posted faster percentage growth from lower starting levels. GHO supply climbed 203.5% during the same period, while USD1 rose 190.89%. In contrast, USDe fell 9.09%, standard USDT declined 2.28%, and AUSD slipped 0.09%, according to Blockworks.
Tokenized equities have expanded to 155 products Equities have become a larger part of Mantle’s tokenized-asset catalog. Nansen counted 155 tokenized equities on the network at the end of June, up from only 10 in April, according to an Aug. 25 report.
The selection includes instruments tied to public companies, private businesses, and exchange-traded funds. Nansen identified products linked to SpaceX and Franklin Templeton’s U.S. Equity Index ETF among the available assets.
In November 2025, Mantle integrated Backed’s xStocks through an arrangement involving Bybit. The rollout brought tokens linked to Apple, Nvidia and Strategy shares onto Mantle, while Bybit supported direct deposits and withdrawals between its centralized exchange and the network.
Backed said at the time that its xStocks platform had processed more than $1.6 billion in tokenized equity volume. According to the company, each token was backed one-to-one by an underlying security held through licensed custodians in Switzerland.
Product structures remain important for investors because tokenized equities do not always provide the same legal rights. As crypto.news reported in August, some products deliver only synthetic price exposure and do not give holders ownership, voting rights, or other shareholder protections. Access can also depend on the issuer, distributor, and user’s jurisdiction.
Mantle’s products, therefore, need to be assessed according to their individual terms rather than grouped under a single ownership model. Backed’s one-to-one structure, for example, differs from tokenized derivatives that track a share price without transferring a claim on the underlying stock.
Mantle has added RWA yield through DeFi Stablecoin liquidity on Mantle is also being used in yield products. On Aug. 25, the network opened its RWA vault to DeFi users after an earlier version distributed through Bybit passed $200 million in assets under management.
The DeFi vault accepts USDC and USDT0 through Fluxion, according to Mantle’s announcement. CIAN designed the non-leveraged strategy, Grove connects deposits to yield from the Sky ecosystem, and Fluxion provides the user interface.
Deposited assets gain exposure to returns from sUSDS, the savings version of Sky’s USDS stablecoin. Sky governance sets the applicable savings rate, so the return can change rather than remaining fixed throughout a deposit.
Mantle’s launch materials listed a target annual percentage yield of up to 6.5%, including campaign incentives. The offer also included Fluxion Points and an allocation of 5.14 million GROVE tokens, although the value received by each depositor depends on participation rules and token prices.
Without leverage, the vault removes one source of liquidation risk, according to Mantle’s product description. Users still face smart-contract failures, stablecoin price changes, liquidity conditions, and adjustments to Sky’s governance-set savings rate.
The self-custodial version also changes who controls the deposited assets. Bybit users previously entered the strategy through an exchange account, while Fluxion users approve transactions from their own wallets and remain responsible for managing their private keys.
Other network figures provide additional scale. Blockworks places Mantle’s treasury value at about $1.8 billion, cumulative spot decentralized exchange volume at $20 billion, and deployed decentralized applications above 150.
U.S. investors face access and ownership limits For U.S. users, the presence of tokenized American equities on a public blockchain does not establish that the products are legally available in every state or to every investor. Eligibility depends on the issuer’s terms, distribution controls and applicable federal and state securities rules.
Stablecoin yield carries a separate regulatory question. The GENIUS Act prevents payment stablecoin issuers from paying interest or yield directly to holders, while rewards generated through exchanges, brokers, and DeFi protocols have remained part of congressional discussions.
Mantle and its partners describe the DeFi vault’s return as strategy-generated yield from sUSDS rather than a direct payment from a stablecoin issuer. Fluxion Points and GROVE incentives are provided separately from the underlying Sky savings return.
Tokenized-stock models also differ in how they treat U.S. securities. In August, Crypto.com introduced tokenized derivatives tied to 1,500 U.S. equities and ETFs for eligible users in the European Economic Area and other approved markets. Crypto.com said buyers receive price exposure but do not gain legal ownership or shareholder rights.
Regulated U.S. market operators are developing another model. The Depository Trust Company received a Securities and Exchange Commission no-action letter in December 2025 allowing a defined tokenization service for three years, covering eligible assets held in DTC custody.
Under DTC’s stated plan, potential assets include Russell 1000 stocks, major index ETFs, U.S. Treasuries and certain corporate bonds. The company selected Stellar for part of its multi-chain strategy and targeted the first half of 2027 for deployment.
LINK vzrostl o více než 5 % poté, co Mantle dokončil migraci svého Super Portal za 2,5 miliardy USD na CCIP od Chainlinku. Tím se zvýšila poptávka po LINK.
Chainlink price has jumped more than 5% after Mantle completed the migration of its $2.5 billion Super Portal to Chainlink’s cross-chain infrastructure, extending a crypto market rally driven by softer U.S. inflation data.
Summary
Chainlink price rose over 5% after Mantle migrated its $2.5 billion Super Portal to Chainlink’s CCIP. Whale accumulation, rising open interest, and record wallet growth have strengthened LINK’s bullish momentum. Technical indicators point to $8.40 as the next key resistance, while losing $8.00 could weaken the rally. According to data from crypto.news, Chainlink (LINK) price traded around $8.29 after briefly touching $8.40, extending its weekly gain to roughly 7%.
The move came as Bitcoin climbed above $64,600 and Ethereum approached $1,875 after U.S. inflation data strengthened expectations that the Federal Reserve could adopt a less restrictive policy later this year. Total crypto market capitalization also advanced more than 3% to about $2.30 trillion.
Mantle’s infrastructure upgrade adds to a string of recent enterprise integrations for Chainlink. Aave recently selected the protocol for automated vault rebalancing, while Robinhood has incorporated Chainlink infrastructure into its expanding Layer-2 ecosystem.
Network adoption has also continued on-chain, with the number of non-empty Ethereum wallets holding LINK surpassing 900,000 for the first time.
On-chain accumulation suggests large investors positioned ahead of the announcement rather than reacting afterward. Wallets holding more than 1,000 LINK reached their highest level this year, while addresses controlling over 100,000 LINK expanded to a record 805.
These purchases absorbed much of the selling pressure created by the scheduled unlock of 21 million LINK tokens, reducing the impact of the additional supply entering circulation.
Derivatives traders have joined the rally. Open interest increased roughly 10% alongside the price advance, showing fresh leveraged participation instead of a short-lived spot spike. The combination of rising price and rising open interest typically suggests new positions entering the market rather than existing shorts simply closing.
Technical breakout places $8.40 and $8.70 in focus The daily chart shows LINK pressing against the upper boundary of a descending wedge that has contained price since early June. Tuesday’s rally pushed the token above $8.20 and toward immediate resistance near $8.40, where sellers rejected price earlier in the session.
Chainlink daily price chart — July 15 | Source: crypto.news A confirmed daily close above that level would strengthen the breakout case and expose the next resistance zone around $8.70, followed by psychological resistance near $9.00.
Momentum indicators have also improved. The daily RSI has climbed to around 60 after recovering from oversold territory, showing buyers have regained control without entering overbought conditions. The Aroon Up indicator has returned to 100 while the Aroon Down remains near single-digit readings, highlighting a renewed bullish trend.
On the 4-hour chart, the MACD has completed a bullish crossover above the signal line, while the Chaikin Money Flow remains positive above zero, showing capital continues to enter the market.
Chainlink 4-hour price chart — July 15 | Source: crypto.news CoinGlass liquidation data reinforces the technical picture. The one-week heatmap shows a dense concentration of leveraged short positions clustered between $8.15 and $8.30, many of which were cleared during the latest rally. Above current prices, another sizeable liquidity pocket sits around $8.45-$8.70, creating a potential magnet if buyers maintain momentum.
Chainlink liquidation heatmap | Source: CoinGlass Loss of $8.00 support would weaken the bullish case Several risks could still interrupt LINK’s recovery. Markets remain sensitive to upcoming U.S. Producer Price Index data and any Federal Reserve comments that challenge expectations for easier monetary policy. Renewed geopolitical tensions or another rise in oil prices could also reduce appetite for risk assets across digital markets.
From a technical perspective, failure to hold above the $8.20 breakout zone would leave $8.00 as the first important support.
A decisive break below that level could pull LINK back toward the $7.70-$7.50 demand area, where the liquidation heatmap shows another large concentration of leveraged positions. Such a move would invalidate the immediate breakout structure and postpone any attempt to challenge the $9.00 resistance zone.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Mantle přesouvá svůj Super Portal z LayerZero na Chainlink CCIP a během migrace od 9. do 15. července pozastaví provoz. Tím se celkový objem oznámených přesunů z LayerZero na CCIP zvedl nad 7,24 miliardy USD.
Mantle is migrating its $2.5 billion Super Portal from LayerZero to Chainlink's CCT standard to enhance security and control over token transfer settings.Migrations to Chainlink CCIP so far include Kelp and Lombard, both of which brought over $1 billion, as well as Solv Protocol, Virtuals, Re and Kraken’s tokenized assets.The Mantle migration will occur from July 9 to the 15, enabling the project to expand MNT token transfers to additional blockchain networks while securing assets via oracles.More than $7.2 billion in cross-chain and wrapped assets have migrated from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP) since May, with Mantle becoming the latest project to replace LayerZero for high-value token transfers.
Mantle said it is migrating its Super Portal, which it co-developed with Bybit, from LayerZero's Omnichain Fungible Token (OFT) standard to Chainlink's Cross-Chain Token (CCT) standard.
LayerZero and Chainlink CCIP both let token holders move assets between blockchains, a basic requirement as crypto markets spread across competing networks.
The infrastructure matters because bridges between different blockchains have become one of crypto’s largest security risks, with a single failure able to expose hundreds of millions of dollars in user assets.
The portal enables transfers of the MNT token between Ethereum and Solana, with support for additional blockchain networks planned.
The migration includes MNT, the native token of Mantle's network, which has more than $2.5 billion in value locked. Mantle's move pushes the total value of announced migrations from LayerZero to Chainlink CCIP above $7.24 billion.
The shift began after the $292 million Kelp bridge exploit earlier in the year, which increased scrutiny of LayerZero-powered bridge configurations. Kelp later announced it would migrate more than $1.5 billion in assets to Chainlink CCIP.
Since then, Solv Protocol migrated $700 million in tokenized bitcoin, Re moved $475 million, Kraken transferred $330 million in wrapped assets, Lombard migrated more than $1 billion, Virtuals Protocol moved $700 million and Yuzu Money transferred $54.5 million.
Mantle said its Super Portal will be suspended during the migration, which is scheduled to take place between July 9 and July 15. Existing MNT on Ethereum and Solana, along with MNT activity on Byreal and Bybit, will remain unaffected.
"As tokenized financial assets move from concept to scale, the infrastructure that carries them across chains cannot be an afterthought," Emily Bao, a key advisor at Mantle, said in a statement.
Under the new setup, Chainlink CCIP will secure MNT transfers using its decentralized oracle network. Mantle said the migration also gives it direct control over token pools and transfer settings under the CCT standard as it expands MNT to additional blockchain networks and tokenized asset markets.
Mantle přidal Bending Spoons (BSPx) jako třetí tokenizovanou soukromou akcii za méně než 30 dní. Tím posiluje svou pozici distribuční vrstvy mezi tradičními financemi a on-chain trhy.
The speed at which Mantle is onboarding tokenized private company equities has turned from trickle to signal. The network just landed Bending Spoons (BSPx) as its third such listing in under 30 days, according to the original report. That cadence is rare for a sector still defined more by experimentation than by sustained volume. Mantle is now explicitly positioning itself as a distribution layer between traditional finance and on-chain markets, and the BSPx listing underlines the operational capacity backing that claim.
Tokenized equities remain a small fraction of the broader real‑world asset (RWA) market. Yet the RWA space itself crossed $20 billion in on‑chain value earlier this year, a milestone that recent analysis tracked alongside major institutional moves. Bending Spoons, the Italian mobile app developer behind products like Evernote and Remini, is privately held—there is no public stock. Bringing its tokenized shares on-chain lets accredited investors access exposure without the friction of traditional private markets. For Mantle, repeatedly drawing such assets suggests its infrastructure is being treated as ready for production, not just pilot phases.
Why the Listing Pace Matters Three tokenized equity launches inside a single month on one Layer 2 is atypical. Most networks handling RWAs lean heavily on tokenized government securities or stablecoin collateral. Illiquid private company shares carry different risks: settlement complexity, issuer‑side compliance demands, and thin secondary liquidity. Mantle’s quick succession of BSPx after earlier issuances signals that the technical and legal rails are holding.
Not every blockchain can reliably support tokenized equity without external trust assumptions. Mantle’s design—built as an Ethereum rollup with a native focus on institutional‑grade bridging—has been refined over quarters. The network’s modular data availability layer and its native token economics aim to keep gas costs predictable, which matters when issuers want to avoid fee spikes during distribution events. Three listings with real companies indicate that the sales pitch is landing with corporates that can choose any chain.
The Private‑Market Liquidity Gap Private company shares have long been stuck in an illiquidity trap. Employees hold options, early investors sit on paper gains, and secondary transactions are manual, slow, and opaque. Tokenization doesn’t solve legal transfer restrictions overnight, but it does make compliant fractional sales technically feasible. That’s why Mantle’s cadence—moving from concept to live listings—is being watched by market operators who see a pipeline forming.
At the same time, on‑chain orderbooks for tokenized equities are immature. The spreads on BSPx are unlikely to resemble anything seen on Nasdaq. Early adopters are effectively betting that infrastructure precedes liquidity, not the reverse. For Mantle, the play is to aggregate enough high‑quality private names that market makers and custody providers eventually consider integrating with its native asset vaults. That is a long game, but the velocity of new listings shortens the feedback loop.
Regulatory Shadows and How Mantle Fits Any securities‑adjacent token launch in 2026 operates under a regulatory framework that is still hardening. Weeks of intense lobbying in Washington recently culminated in a battle over a landmark crypto bill, as reported just days ago. The outcome will likely shape what can be tokenized without triggering legacy securities laws. Mantle’s focus on equities places it directly in the crosshairs of these debates.
The network’s disclosure has not detailed how it structured the BSPx offering under applicable exemptions, which will matter to institutional compliance desks. European private companies like Bending Spoons may lean on EU prospectus exemptions, but the token marketing likely touches investors across jurisdictions. That jurisdictional patchwork remains the largest unhedged risk for the space. Mantle’s consistent listing pace will force these questions to be answered sooner rather than later.
What The Market Is Discounting Tokenized equity is not an asset class yet—it is a product category in alpha. The market is not pricing in sudden volume or deep liquidity for BSPx. What it may be discounting, however, is how quickly a Layer 2 network can become the default conduit for private company tokens if existing financial intermediaries continue to move slowly. Institutional interest is real: recent moves such as a Nasdaq firm deepening its staking footprint on Sui show that traditional players are testing blockchain rails in earnest.
Mantle’s ability to land three name‑brand issuances in rapid succession suggests it understands that speed of execution, rather than permissionless maximalism, is what attracts equity issuers. The test for BSPx will be whether secondary market data—however modest—starts to flow on-chain, and whether that attracts a fourth issuer even faster. For now, the network is stacking proof points that a tokenized private capital market can run on its infrastructure, one listing at a time.
Each new tokenized equity on Mantle adds a data point for an industry that remains reliant on narratives. The underlying message is that private company shares are not a one‑off gimmick on the network—they are becoming the baseline, not the exception.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Velrybí aktivita u Lighter i Mantle dosáhla šestiměsíčního maxima. $LIT po integraci do Robinhood Wallet vzrostl o 24 % a obchoduje se poblíž 2,70 USD, zatímco $MNT zůstává kolem 0,43 USD.
Large-wallet activity on @Lighter_xyz and @Mantle_Official just hit its highest level in six months, according to on-chain analytics firm @SantimentData. Lighter recorded 86 transactions worth more than $100,000, while Mantle registered 37 such transactions, marking the highest daily whale activity for both tokens in the past six months.
Although whale transaction metrics do not distinguish between buying and selling, they are widely viewed as indicators of heightened activity by large holders, and such spikes often coincide with periods when institutional investors or high-net-worth wallets reposition their portfolios ahead of significant market moves.
$LIT catches a Robinhood catalyst The surge in $LIT whale activity follows a major product integration. @RobinhoodApp Wallet now offers in-app perpetual futures trading, with the engine underneath being @Lighter_xyz, the rising zk-powered perps exchange atop Ethereum. Robinhood Chain, a Layer 2 built using Arbitrum's tech stack, went live on public mainnet on July 1, with the Lighter perps integration arriving alongside it. Lighter has committed $11 million of its native $LIT tokens to the Robinhood community as part of the deal, and eligible users earn points on perpetual futures trades on Lighter, converting directly into $LIT, with no fees on perpetuals accessed through Lighter for the first 90 days.
$LIT surged 24% as Robinhood Wallet added Lighter's perpetual futures trading. The token has since climbed further to trade near $2.70, a fresh high. As an exchange based in America with its token issued out of a Delaware C-corp, Lighter has a cleaner path into regulatory approval than offshore-first competitors, adding to the longer-term investment case behind the whale positioning.
$MNT whales accumulate but price stays stuck The picture for @Mantle_Official is more mixed. Whale transaction counts matched the six-month high, yet the price response has been muted. Mantle remains in a broader downtrend, with $MNT trading near $0.43 after failing to reclaim the key $0.57 resistance, and while the RSI has recovered from oversold conditions, momentum remains weak and buyers have yet to confirm a trend reversal.
For $MNT to validate the recent whale activity, the token must first reclaim $0.57, which could pave the way toward $0.94 and eventually $1.08. Mantle continues to benefit from its expanding Layer 2 ecosystem and one of the largest community-controlled treasuries in the crypto market, and ongoing ecosystem development, DeFi incentives, and long-term infrastructure growth may be encouraging whales to accumulate positions while prices remain significantly below previous highs.
For now, the divergence is stark. Lighter has a clear narrative driving price alongside the whale flows. Mantle has the accumulation signal but is still waiting for a price catalyst to match it.
Sources
CoinPedia: Crypto Whales Accumulating Lighter and Mantle
The Block: Robinhood Chain Goes Live with Lighter Perps
Robinhood Newsroom: Robinhood Chain Mainnet Launch
LayerZero bridge pro rsETH byl napaden a rsETH na Ethereum mainnetu je plně kolateralizované; na Aave V3 i V4 zůstává zmrazené a rezervy WETH jsou zablokované v několika trzích včetně Ethereum, Arbitrum, Base, Mantle a Linea. Několik DeFi protokolů kvůli incidentu dočasně pozastavilo bridge nebo minting.
Saturday, April 20 — The LayerZero cross-chain bridge for rsETH (a liquidity re-staking token from Kelp DAO) was hacked, marking the largest DeFi hack of 2026 to date. The attacker forged LayerZero cross-chain messages to withdraw 116,500 rsETH directly from the bridge contract, then deposited the tokens into Aave and other lending platforms to borrow WETH—creating significant uncollateralized bad debt risk. Below is a roundup of responses from major DeFi protocols to the rsETH hack: Aave has shared an update on the rsETH incident: rsETH on the Ethereum mainnet is fully collateralized. The token remains frozen on Aave V3 and V4, while WETH reserves are frozen in affected markets including Ethereum, Arbitrum, Base, Mantle, and Linea. Aave is actively verifying details and evaluating potential resolutions. Ethena has officially extended the suspension period for its LayerZero OFT cross-chain bridge. Additionally, the protocol released updated reserve proofs confirming its USDe stablecoin maintains a collateralization ratio above 100%. LayerZero stated it has fully grasped the rsETH vulnerability and has been collaborating with the Kelp DAO team on fixes since the hack occurred, while continuously monitoring the situation. All other applications remain secure, and the protocol will publish a comprehensive post-incident analysis report alongside Kelp DAO once all relevant information is compiled. Fluid announced the launch of its aWETH redemption protocol, which enables ETH borrowers to: redeem for wstETH or weETH (restoring liquidity immediately and reducing liquidation risk); redeem in full if they only borrowed ETH; or seamlessly convert ETH collateral to wstETH/weETH while keeping other debts intact. The protocol’s initial capacity is capped at $1 billion worth of ETH. Morpho has temporarily suspended its MORPHO LayerZero OFT cross-chain bridge on Arbitrum until the root cause of the rsETH incident is identified. The protocol noted its smart contracts are secure and operating normally; risk exposure is limited (only ~$1 million worth of ETH was borrowed using rsETH as collateral, spread across two isolated markets out of thousands total). Thanks to Morpho’s fully isolated market design, all other vaults remain unaffected. Curve Finance announced it has suspended its LayerZero infrastructure, impacting: CRV bridging from BNB, Sonic, Avalanche, Fantom, Etherlink, and Kava (bridging from other chains still uses native bridges); and crvUSD quick bridging (L2 slow bridging remains operational). Reserve issued an official update: Its DTF holders are unlikely to be affected. RSR stakers in the Reserve Protocol’s USD3 and eUSD may qualify for "first-loss capital" protection, though the impact is minimal and RSR’s overcollateralization is sufficient to cover any potential losses. ETH+ and bsdETH contain no rsETH collateral, making them zero-risk. As a precaution, Reserve has temporarily paused minting, rebalancing, and RSR unstaking for eUSD and USD3—redemption functionality remains operational. Maple Finance stated all USDT provided on Aave Mantle using syrupUSDT has been withdrawn. Its syrupUSDC and syrupUSDT products are not impacted by the rsETH exploit. Polygon has been actively monitoring the rsETH exploit. The Polygon chain, Agglayer, and entire ecosystem (including Katana and Vaultbridge) have not been impacted by the incident. EtherFi announced its protocol’s liquidity pool remains unaffected by the Kelp rsETH exploit, and pool users will not suffer any fund losses. Hyperliquid’s DeFi project Hyperwave announced it has temporarily suspended all LayerZero bridging of Hyperwave assets as a precautionary measure.
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Bitcoin miners' revenue continues to decline, with the current 7-day average daily income dropping to around $30 million, a notable pullback from the over $50 million level seen last summer. Meanwhile, on-chain transaction fee revenue has fallen to less than $250,000, accounting for an extremely small share of miners' total income. Data from JPMorgan Chase shows the average production cost is approximately $78,000, and Bitcoin’s price has remained below this level for five consecutive months — the longest such stretch in the current cycle. An estimated 20% of miners are already operating at a loss; some high-cost miners have begun frequently powering their mining rigs on and off in response to price fluctuations, leading to a stronger correlation between network hash rate difficulty and Bitcoin’s price. Additionally, Bitcoin’s mining difficulty was adjusted down by roughly 10% in the second week of June, marking the second pullback of the same magnitude this year. Publicly listed mining companies, meanwhile, are relying more on their balance sheets to sustain operations, selling over 32,000 BTC in the first quarter alone to cover operating costs. Analysts note that against the backdrop of continuously shrinking block subsidies and stagnant fee revenue, a recovery in miners’ profits will primarily depend on a rise in Bitcoin’s price.
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Japan and South Korea's stock markets opened higher, with South Korea's KOSPI index rising 2.9% and SK Hynix surging 11%.
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Trader Maji was liquidated on his 25x leveraged long Ethereum position, incurring $1.9 million in losses, and subsequently opened a new position.
According to monitoring by OnchainLens, Stanley Huang, known as "Machi Big Brother" (@machibigbrother), has had his 25x leveraged long Ethereum (ETH) position fully liquidated, incurring a loss of approximately $1.9 million. Notably, he opened a new 25x leveraged long ETH position immediately after the liquidation. Machi Big Brother’s cumulative historical losses exceed $35.4 million.
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Micron posted strong quarterly results, with its quarterly revenue and next-quarter outlook significantly exceeding market expectations. Its stock surged nearly 16% in after-hours trading, driving a broad rally across the storage sector.
According to its official financial report, Micron Technology (MU.O) reported Q3 fiscal 2026 revenue of $41.456 billion, beating market expectations of $35.423 billion and surging from $9.301 billion in the year-ago period. The company issued Q4 fiscal revenue guidance of $50 billion, against market expectations of $42.915 billion. Micron CEO Sanjay Mehrotra stated: "Micron’s record-breaking Q3 fiscal financial results and stronger Q4 outlook reflect the strategic value of memory chips in the AI era. We believe our multi-year strategic customer agreements will significantly enhance the durability and predictability of Micron’s strong financial performance." Micron’s Q3 report showed net profit of $28.24 billion, or $24.67 per share, up from $1.89 billion, or $1.68 per share, in the same period last year. Excluding certain one-time items, Micron reported adjusted earnings per share (EPS) of $25.11, exceeding analysts’ consensus estimate of $20.86. Driven by the quarterly revenue and outlook that topped expectations, as of press time, Micron jumped 15.95% in post-market trading on the U.S. stock market, also lifting other memory stocks sharply: Seagate (STX) rose 10.21%, Western Digital (WDC) gained 12.31%, and SanDisk (SNDK) surged 15.77%.
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Polymarket integrates with Telegram via TON, enabling users to participate in prediction markets directly within the messaging app.
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Mantle uvedl USPXx, tokenizovanou reprezentaci Franklin Templeton’s Franklin U.S. Equity Index ETF (USPX), pro nepřetržité on-chain obchodování a poskytování likvidity na Fluxionu. Jde o jednu z prvních sítí Ethereum L2, která od velkého správce aktiv získala tokenizované ETF on-chain.
Mantle, the premier distribution layer connecting traditional finance and on-chain liquidity, today announced the listing of USPXx, xStocks’ tokenized representation of Franklin Templeton’s Franklin U.S. Equity Index ETF (USPX), now available for 24/7 on-chain trading and liquidity provision via Fluxion, Mantle’s native decentralized exchange.
With $1.98 billion in assets under management, USPX tracks the top 85% of the US equity market by market capitalisation, one of traditional finance’s most widely held passive equity vehicles. Its arrival on Mantle opens continuous, around-the-clock access to that exposure, without market hours constraints or intermediaries.
Expanding the Distribution Layer for Tokenized Capital Markets
As one of the first Ethereum Layer 2 networks to bring a tokenized ETF from one of the world’s largest asset managers on-chain, Mantle’s distribution layer now extends beyond individual equities to broad-market index products. USPXx joins a growing lineup of xStocks tokenized equities on Mantle, including the recent listing of SPCXx, xStocks’ tokenized SpaceX equity which went live on Mantle on the same day as the SpaceX IPO.
For investors already allocated to USPX through conventional brokerage accounts and for a global audience without access to US markets, USPXx on Mantle removes the constraints of traditional market infrastructure entirely. Via Fluxion, USPXx is tradeable and available for liquidity provision at any hour, without intermediaries, settlement delays, or geographic restrictions. Underpinning this is xChange, xStocks’ Atomic RFQ, which ensures every transaction is executed at institutional precision regardless of when or where a user trades.
Institutional-Grade Execution via Atomic RFQ and AMM on Fluxion
USPXx is natively minted on Mantle through xStocks and trades exclusively on Fluxion, powered by xChange, xStock’s Atomic RFQ system. Where conventional on-chain trading relies on automated market makers that introduce slippage and pricing deviations, xChange sources every transaction directly from the issuer at live market quotes, enabling users to transact at the real price, not one approximated through a liquidity pool all around the clock.
This sets the standard for institutions as this translates to execution precision that meets the requirements of meaningful capital deployment at scale. While for retail investors, it means access to broad US equity market exposure at fair, verifiable prices, at any hour, globally. Fluxion is the only decentralised exchange on Mantle listing USPXx at launch.
“Franklin Templeton’s USPX represents the mainstream of global equity investing, the kind of exposure that anchors institutional and retail portfolios alike,” said Emily Bao, Key Advisor at Mantle. “Every listing like this closes the distance between where the capital sits today and where it can move tomorrow.”
About Mantle
Mantle positions itself as the premier distribution layer and gateway for institutions and TradFi to connect with on-chain liquidity and access real-world assets, powering how real-world finance flows. With over $4B+ in community-owned assets, Mantle combines credibility, liquidity, and scalability with institutional-grade infrastructure to support large-scale adoption. The ecosystem is anchored by $MNT within Bybit, and built out through core ecosystem projects like mETH, fBTC, MI4 and more. This is complemented by Mantle’s partnerships with leading issuers and protocols such as Ethena USDe, Ondo USDY, and OP-Succinct.
For more information, visit mantle.xyz.
For more social updates, please follow: Mantle Official X & Mantle Community Channel
xStocks is the industry benchmark for tokenized equities, bringing publicly listed U.S. stocks and ETFs on-chain through fully collateralized, 1:1-backed tokens. Powered by Payward’s digital asset infrastructure, xStocks places traditional equities on blockchain infrastructure, expanding access to U.S. capital markets with extended availability, global reach, and seamless digital-native settlement.
Designed for interoperability, xStocks move seamlessly between centralized exchanges, self-custodied wallets, and on-chain applications, unlocking new utility across trading, collateralization, and decentralized finance. Since launching in June 2025, xStocks is powering billions of dollars in transaction volume across multiple blockchain ecosystems and anchors a rapidly expanding global network shaping the future of tokenized markets.
