A bridge contract is a smart contract designed to facilitate the transfer of assets between different blockchain networks. It acts as a connection point, allowing users to move tokens, data, or other assets seamlessly across diverse platforms.When a user wants to transfer assets from one blockchain to another, the bridge contract locks the original assets on the source chain. It then issues equivalent tokens on the target chain, ensuring that the total supply remains consistent. This process often involves a bridge provider managing the locked assets and issuing wrapped tokens or derivatives on the destination chain.Bridge contracts help enhance interoperability among blockchains, making it easier to leverage different network capabilities, access decentralizations, and broaden market opportunities. However, they can also present security challenges, as vulnerabilities in a bridge could lead to significant losses. Users should exercise caution and conduct due diligence when using these bridging solutions.

Circle Launches Payments Network to Advance Stablecoin Use in Global Transfers
Circle, the issuer of the USDC stablecoin, announced on May 21 the launch of its Circle Payments Network (CPN) on the