CroCoDai: A Stablecoin for Cross-Chain Commerce. (arXiv:2306.09754v1 [cs.CR])

Decentralized Finance (DeFi), in which digital assets are exchanged without
trusted intermediaries, has grown rapidly in value in recent years. The global
DeFi ecosystem is fragmented into multiple blockchains, fueling the demand for
cross-chain commerce. Existing approaches for cross-chain transactions, e.g.,
bridges and cross-chain deals, achieve atomicity by locking assets in escrow.
However, locking up assets increases the financial risks for the participants,
especially due to price fluctuations and the long latency of cross-chain
transactions. Stablecoins, which are pegged to …

assets blockchains commerce cross-chain deals decentralized defi demand digital digital assets ecosystem escrow finance global stablecoin transactions value