No. The interchain is all about building bridges to other ecosystems like Ethereum, Polkadot, Avalanche, Solana, as well as L2s and rollup-based project in these ecosystems. Bridges like Wormhole, Squid, Sommelier, Axelar, and Gravity Bridge allow you to bring ETH and ERC20 tokens to interchain-compatible wallets, and to send IBC standard tokens into these different ecosystems.