THORChain Launches Major 3.20 Upgrade, Enabling Native XMR and ZEC Swaps for BTC, ETH, and Stablecoins

On August 25, THORChain announced the launch of version 3.20, adding native cross-chain swap support for Monero (XMR) and Zcash (ZEC). Users can directly swap XMR and ZEC for BTC, ETH, and stablecoins without wrapping assets, registering on centralized exchange accounts, or relinquishing asset custody.

This upgrade also introduces Protocol-Owned Liquidity (POL) and a Stable Reserve, and restores support for Solana, Base, and BNB. Notably, the Stable Reserve enables zero-liquidity-fee swaps between stablecoins.

This upgrade is expected to provide a new non-custodial trading path for users facing shrinking liquidity channels due to delistings or restrictions on XMR by centralized exchanges.

[BlockBeats]