Axelar Launches ‘Interchain Token Service’ to Enable ERC-20 Interoperability Across Multiple Chains

Axelar Launches ‘Interchain Token Service’ to Enable ERC-20 Interoperability Across Multiple Chains
[PRESS RELEASE – Paris, France, July 18th, 2023] Sushi to deploy Interchain Tokens, powered by new Axelar product suite delivering cross-chain fungibility and customization. 
Axelar, the blockchain interoperability leader, is announcing the launch of Interchain Token Service (ITS), a product suite that extends tokens cross-chain, preserving their native functionality and allowing teams to easily manage supply and features.
ERC-20 tokens have unlocked powerful interoperability between Ethereum-based applications. In a similar way, Interchain Token Service creates Interchain Tokens that unlock new possibilities for interconnected applications spanning all EVM-compatible ecosystems. Sushi, the popular decentralized exchange (DEX) & automated market maker (AMM), is among the first deployment partners to embrace Interchain Tokens.
Interchain Token Service delivers:
Fungibility: Wrapped versions on connected chains are fungible with one another.
Custom functionality: Custom tokens kee

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