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!
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.
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.
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.