Allbridge mentioned that it is happy to continue working with Saber, Solana’s top cross-chain AMM for pegged assets. The firm can enable USDC transfers between Celo and Solana thanks to Saber’s assistance.
The first Celo USDC liquidity pool will be launched on Solana with the help of Allbridge. They allow users to bring their Celo USDC to Saber’s platform and swap them for Solana-native USDC. Allbridge already connected USDC between ETH and Avalanche, constantly seeking to extend the stablecoin alternatives available.
Saber is Solana’s most popular AMM with cross-chain pegged assets like stablecoin. Saber serves as Solana’s primary cross-chain liquidity network, facilitating asset transfers between Solana and blockchains. Customers can deposit Cryptocurrency into the liquidity pool of Saber to receive passive income through transaction fees, incentives through token and automated DeFi methods.
Allbridge is a token bridge having on-chain consensus that is flexible and expandable. It is a straightforward, contemporary, and secure method of transferring assets between different blockchains. The objective of Allbridge is unable Blockchain borderless by providing a technology that allows users to move assets between networks freely. It will grow into a DAO-style multi-chain hub in the future, allowing EVM and non-EVM networks to join.
Celo is a carbon-neutral Blockchain with a mobile-first feature helping decentralised financial (DeFi) services available to anybody having a smartphone, delivering DeFi’s significant benefits to the world’s 6 billion smartphone users. Celo enables native and non-native digital assets — both private and public — to circulate freely, at meager costs and high speeds, across devices, carriers, and countries, making money mobile, global, and accessible like never before, thanks to its interoperability, cross-chain compatibility, and vision for inclusivity.