What is aeUSDC? — Allbridge Ethereum Wrapped USDC
Here is a short explanation on the notation of Allbridge Wrapped Tokens, and what aeUSDC (Allbridge Ethereum Wrapped USDC) is
Prefixes in Allbridge Wrapped Assets
The first letter in the wrapped assist indicates that it was bridged by Allbridge, hence the letter “a”. The second letter in the name, “e”, stands for blockchain it originates from, in this case, Ethereum. And the remaining letters obviously indicate that this is in fact USDC. So if, for example, you bridged USDC from Ethereum to Solana, you would receive aeUSDC.
How to convert between aeUSDC and USDC?
To provide liquidity for the Allbridge Wrapped Assets we work closely with our AMM partners. Our AMM partners provide liquidity across all of our Allbridge Wrapped Asset pairs, so when our users bridge any tokens they can convert them back to their native version on the specific network you are accessing.
Going from Ethereum USDC to Solana USDC
Visit Allbridge to transfer your USDC to Solana. Here you may find a detailed explainer on how to transfer assets using our bridge. When the transfer is complete, you will receive aeUSDC on your wallet. You can convert your aeUSDC into the Solana USDC by swapping them on Saber.
Going from Solana USDC to Ethereum USDC
For more information
This procedure goes the same for all of the other bridged assets. While the chains and AMM partners differ from network to network, the bridging process remains the same. So, for example, if you received your asUSDC when bridging USDC from Solana to Celo, you would need to swap them from asUSDC to cUSD on Mobius, and so on. To get more info on individual assets and where they are traded visit the Networks and tokens section of our GitBook.
Allbridge is a simple, modern, and reliable way to transfer assets between different networks. It is a bridge between both EVM and non-EVM compatible blockchains, that aims to cover L2 solutions and NFT transfers in the future.
Allbridge’s mission is to make the blockchain world borderless and provide a tool to freely move assets between various blockchains.