Allbridge Is Bridging Cello Dollar To Solana In Collaboration With Saber
Allbridge continues to expand its assortment of available blockchains and stablecoins. We are thrilled to announce that we are integrating Celo — an open platform with an emphasis on mobile phone accessibility.
As an open platform, Celo allows any business or organization to readily access a wide array of mobile financial solutions. Ecosystem members can accept payments from any user all over the world. We consider that with the growing market of smartphones, their platform offers a perfect opportunity to contribute to blockchains’ adoption.
With the assistance of our partners at Saber — the leading cross-chain AMM for pegged assets on Solana, we are bringing Celo ecosystem’s stablecoin cUSD to our bridge. In addition, Celo/Solana bridge will also be available for APYS, a token by APYSwap Foundation. By bridging both cUSD and APYS, we will be able to provide a unique connection between the Solana and Celo networks, further increasing the availability of stablecoins.
We invite users to visit allbridge.io and try the convenience of cross-chain transfers. Stay tuned to our news channels to keep up to date with the upcoming announcements. A number of integrations are coming to Allbridge this week!
About Saber
Saber is the leading cross-chain AMM for pegged assets on Solana, such as stablecoins and wrapped assets. As Solana’s core cross-chain liquidity network, Saber helps facilitate the transfer of assets between Solana and other blockchains. Users deposit crypto into a Saber liquidity pool to earn passive yield from transaction fees, token-based incentives, and eventually automated DeFi strategies.
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About Celo
Celo is a mobile-first, carbon-neutral blockchain that makes decentralized financial (DeFi) tools and services accessible to anyone with a mobile phone — bringing the powerful benefits of DeFi to the users of the 6 billion smartphone subscribers around the world. With its interoperability, cross-chain compatibility and vision for inclusivity, Celo enables native and non-native digital assets — both private and public) — to circulate freely, at extremely low costs and high speeds, across devices, carriers, and countries — making money mobile, global and accessible like never before.
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About Allbridge
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.
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