Brale Claims New Protocol Can Eliminate a Major Obstacle to Scaling Custom Tokens
Stablecoin infrastructure firm Brale is launching a compatibility protocol, called ION, designed to solve a key bottleneck in the industry: moving the rapidly growing number of custom-branded stablecoins across different blockchains.
The protocol allows participating stablecoins to move between blockchains by burning tokens on one network and minting an equivalent amount on another. Unlike most blockchain bridges, this model does not require pre-funded liquidity pools in each supported chain.
While the $300 billion stablecoin market is dominated by Tether (USDT) and Circle’s USDC, a wave of new entrants—including banks, fintechs, crypto firms, and asset managers—are issuing their own tokens for payments, settlements, and tokenized assets. Over 350 such asset-pegged coins are already tracked, highlighting the need for infrastructure to connect this increasingly fragmented ecosystem.
Brale, which supports over 100 stablecoin programs across more than 30 blockchains, argues that current interoperability models relying on liquidity pools or wrapped tokens are not scalable. These models require locking up capital in every supported network, creating an unsustainable capital requirement as the number of stablecoins and blockchains grows.
Brale's founder and CEO, Ben Miln, stated that "liquidity between stablecoin programs is the No. 1 barrier to scaling individual stablecoins," noting there isn't enough capital in the world to solve the problem via liquidity pools. ION's burn-and-mint approach, similar to Circle's Cross-Chain Transfer Protocol (CCTP) but extended to any participating issuer, aims to provide a scalable alternative.
The protocol will debut initially on testnet with partners including Monad, Rain, Coinflow, Turnkey, Etherfuse, Spark, and Canton.
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