On May 9th, 2024, Metallicus, a company building a decentralized digital asset banking network, announced that Metal L2 will join the Superchain.
On May 9th, 2024, Metallicus, a company building a decentralized digital asset banking network, announced that Metal L2 will join the Superchain. Metal L2 marks a significant milestone for both Metallicus and the Optimism Collective.
Metal L2 stands out with its unique features, including direct connections to banks and payment partners and comprehensive on-chain identity solutions. These features are essential for scaling operations in Web3 environments while maintaining strict compliance standards.
Additionally, Metal L2 introduces a unique stablecoin, the Metal Dollar (XMD), to its ecosystem. This stablecoin features an index basket allowing immediate transfers between all major stablecoins and fiat channels. Metal L2's compatibility with Metal Blockchain, a foundational Layer 0 blockchain developed by Metallicus for banks, credit unions, and financial institutions, enhances the system's connectivity. This infrastructure supports the creation of blockchain applications that comply with regulatory standards, such as the Bank Secrecy Act (BSA).
In December 2023, Metallicus Inc. announced the addition of Metal L2 to its suite of products. Metal L2 integrates seamlessly with the foundational Layer 0 blockchain Metal and Ethereum Layer 1, facilitating an effortless transition of fiat currency into the crypto world for both consumers and businesses. This launch is part of Metallicus's ongoing mission to develop a highly customer-centric digital asset banking network.
The launch of Metal L2 by Metallicus Inc. closely follows the recent success of their Metal Blockchain Banking Innovation Program. This program has proven to be a significant development in leveraging blockchain technology to enhance financial services. Through the program, Metallicus has supported various financial institutions, including Meritrust Credit Union, enabling them to explore and implement blockchain-based solutions tailored to their needs. The initiative underscores Metallicus's commitment to revolutionizing the financial sector by providing comprehensive blockchain integration services that ensure compliance and improve operational efficiency. This strategic approach fosters innovation within the participating institutions and positions Metallicus as a leader in blockchain solutions for the financial industry.
At Superchain Eco, we're excited about Metal L2's journey of bridging the gap between traditional and decentralized finance.
