Every pool on @THORChain is independent. E.g. there are the ETH.USDC, AVAX.USDC, BASE.USDC & BSC.USDC pools, and all are distinct from each other. @RujiraNetwork uses the Secured Asset versions of each pool, and they inherit the distinctness of each pool. Thus, there are Secured Assets for ETH.USDC, AVAX.USDC, BASE.USDC & BSC.USDC and they are not fungible. Currently, you can deposit AVAX.USDC, BASE.USDC & BSC.USDC into TC/Rujira to obtain the Secured Asset version, but only Secured Asset of ETH.USDC is used for Rujira Spot Trading (Order Book) and Perps. Side-note: AVAX.USDC, BASE.USDC & BSC.USDC (and their Secured Asset versions) can be swapped on Rujira Token Swap. Check here: But soon… @NamiProtocol Unify will solve this!