HAQQ Network Partner with Axelar
HAQQ x Axelar - Enhanced Cross-chain interoperability for Ethical Finance.
HAQQ Network has announced a partnership with Axelar Network, a cutting-edge platform that delivers secure interchain communication and powers the interchain future.
“This collaboration aims to enhance the adoption of Islamic Coin (ISLM), the native token of the HAQQ, bring USDC and drive liquidity into the HAQQ ecosystem, and potentially boost the adoption of the HAQQ Sharia-compliant gold-backed tokens”.
The Good News from this partnership, you can now directly bridge USDC from Ethereum mainnet and 50+ chains to HAQQ and vice versa via Axelar Satellite.
How to Bridge USDC from Ethereum to HAQQ via Axelar’s Satellite Money
A quick guide to help you get started.
Step 1: Access the Bridge
Visit www.satellite.money, the web interface built by Axelar. This platform helps you easily transfer your digital assets between Ethereum-compatible & Cosmos chains.
Step 2: Select Chains
Scroll and select ‘Ethereum’ as the origin chain and ‘HAQQ’ as the destination chain.
Step 3: Connect Ethereum Wallet
Connect your Ethereum wallet, such as MetaMask, where you have your USDC stablecoins.
Step 4: Prepare for Reception
To receive USDC in the form of axlUSDC, download and connect your Keplr Wallet on the destination side.
Make sure to carefully keep your private keys for your Keplr wallet safe.
Step 5: Generate Deposit Address
Once both wallets are connected, click on ‘Generate Deposit Address’ at the bottom of the interface.
Step 6: Authorize Transfer
Approve the transaction from your Ethereum wallet. Your USDC will then begin its journey to HAQQ.
Step 7: Confirmation
The process takes around 20 minutes for confirmation. Once done, your USDC will be successfully transferred over to HAQQ.
“The HAQQ teams are actively working with the Axelar team to support more tokens that you can bridge to HAQQ to further enrich your Shariah-compliant DeFi experience”.
Learn More About Islamic Coin
Islamic Coin is the native currency of HAQQ, a proof-of-stake community-run blockchain dedicated to empowering an ethics first shariah-compliant financial ecosystem.
