Privy launched universal deposit addresses, a single user address that accepts deposits from any supported chain and automatically bridges and swaps the funds into the desired token and chain for an application. The feature abstracts bridging and network-switching for Privy users by generating a single universal deposit address. Privy detects inbound transfers, bridges to the destination chain via Relay, and deposits directly into the user's wallet. Developers configure the desired chain and token for their users specific to their application.

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