Allbridge And Mobius Are Bringing Solana USDC To Celo Network
Following the integration of the Celo network into Allbridge, we are expanding our cross-chain support with more assets for Celo. We are launching a bridge with the capability to transfer USDC between Solana and Celo.
We particularly looked towards this integration due to the fact that Mobius AMM was built with cross-chain capabilities in mind. They have integrated with two different bridges from Ethereum and Polygon, allowing for new capital to flow into the Celo ecosystem. We are going to take this opportunity to assist them by allowing the transfer of USDC from Solana.
As a rapidly growing ecosystem, Solana attracts a lot of user attention with over $9 billion TVL and user count increasing daily. We are pleased to utilize our solution and establish a connection between the Mobius platform and Solana blockchain so they can experience its benefits for themselves.
Follow the latest news about Mobius by subscribing to their news channels. If you are curious about bridging USDC to use Mobius make sure to visit Allbridge.
Mobius is an Automated Market Maker (AMM) on Celo based on the StableSwap invariant that specializes in low-slippage swaps between price-stable tokens. Mobius also includes a bridge interface to allow users to easily migrate their assets, thereby paving the way for more capital to be bridged to Celo and efficiently swapped for other assets with the same underlying.
Allbridge is modular and expanding token bridge with on-chain consensus. It’s a simple, modern, and reliable way to transfer assets between blockchain networks. Allbridge mission is to make the blockchain world borderless and provide a tool to freely move assets between different networks. In the future it will evolve into a DAO-style multi-chain hub, establishing connections between the EVM and non-EVM networks.