Hyperlane launched Metastable, a clearing layer for 1:1 conversions between stablecoins across same-chain and cross-chain routes. It holds reserves on each network, pays out the target stablecoin in one transaction, and can add support for any stablecoin with existing liquidity without minting rights. The product is live today with $20M+ in stablecoin conversions already cleared for pilot customers, on top of Hyperlane's 150+ chain footprint and $12B+ transfer history.

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