We are excited to announce our latest collaboration with Mobius — a Celo-based AMM specializing in stablecoin swaps. With their assistance, we are launching the USDC bridge from Avalanche to Celo.
Allbridge is always looking to connect various blockchains via new bridging opportunities. In the past, we already bridged USDC from Solana to Celo with Mobius’s assistance. We are excited to work with them again to offer a new bridging avenue for the Avalanche USDC.
Avalanche has been on the rise lately, gaining over $10 billion in TVL. We believe that both Celo and Avalanche will mutually benefit from a new bridging option for USDC. Our friends at Mobius are going to assist us by launching the Avalanche USDC-cUSD pool on their platform.
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 a modular and expanding token bridge with on-chain consensus. It’s a simple, modern, and reliable way to transfer assets between blockchain networks. Allbridge’s 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.