A bridged asset refers to a cryptocurrency or token that is converted from one blockchain network to another, allowing it to function across different platforms. This process typically involves locking the original asset on its native blockchain and minting an equivalent token on the target blockchain.For example, if a user wants to move Bitcoin to a platform that operates on Ethereum, the Bitcoin can be locked in a smart contract, and a corresponding amount of Wrapped Bitcoin (WBTC) is created on Ethereum. This enables users to utilize Bitcoin’s value while tapping into Ethereum’s decentralized finance (DeFi) ecosystem.Bridged assets enhance interoperability, making it easier for users to access various services, projects, and liquidity across multiple networks. However, they also introduce risks, such as the potential for smart contract vulnerabilities and reliance on third-party bridges for the transfer process.

Vermont’s Lawsuit Against Coinbase Comes to an End
Vermont has withdrawn its “show cause order” against Coinbase. The state’s Department of Financial Regulation announced it through a March