Allbridge keeps on rolling! We are thrilled to announce that we are adding a new token with the assistance of our partners at Saber — the leading cross-chain AMM for pegged assets on Solana.
Coming off the successful USDT and USDC launches, we were interested in bringing even more stablecoins to Allbridge. This time we’ve successfully integrated BUSD. And, little spoiler alert for the attentive readers, there will be more integrations coming your way this week!
Binance USD, also known as BUSD, is a 1:1 USD-backed stablecoin issued by Binance in partnership with Paxos. The coin is approved and regulated by the New York State Department of Financial Services (NYDFS). As a well-known and reputable exchange, Binance ensures that the digitized US Dollars and are always purchasable and redeemable at 1 BUSD for 1 US dollar.
The token is supported both on ERC-20 and BEP-2, allowing users to make fast and cheap transfers all over the world. This makes it a perfect candidate to expand the availability of stablecoins at Allbridge.
You are very welcomed to try and bridge the asset for yourself at allbridge.io! Don’t miss out on future announcements about more tokens coming to the bridge by subscribing to our and Saber’s news channels following the links down below.
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.
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 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.