Longdotsupply Stock Tokens Correspond 1:1 to Robinhood Holdings, Due to USDC Premium and Discount
Longdotsupply's stock tokens issued on Arc are 1:1 backed by real stocks held on Robinhood, supporting cross-chain treasury on-chain verification, and enabling a two-way 1:1 exchange with Robinhood Chain. Longdotsupply will serve as the permanent issuer of these cross-chain stocks, and holders will not need to migrate their tokens in the future. The official statement indicates that the low stock price on Arc is due to the native on-chain USDC being approximately 2 times premium, and it is expected that the premium will normalize after the Arc mainnet and USDC cross-chain open on September 16, injecting liquidity into CRCL/USDC. Crypto KOL 0xShawn pointed out that there may be risks with Longdotsupply, stating that its platform has the Rug pull authority at any time, and the cross-chain bridge is not officially issued. Foresight News reminds users that Longdotsupply's custody and 1:1 exchange are only its unilateral statements, and contract permissions, custody arrangements, and redemption paths need to be independently verified, with users needing to be aware of potential risks.
-- Price
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