Allbridge Core: Cross-chain Stablecoin Swap

[Ivan_allbridge]

Disclaimer: Since the product is in beta, the transfer amount will be limited, and certain unexpected issues may arise in the process of public testing. Please use it at your own risk.

We are excited to announce that the Allbridge Core public beta has been released!

Back in July 2021, we launched our original product — Allbridge Classic. It has been steadily gaining traction, with users bridging over $6.3 billion to date across 15 different blockchains. Over time, we noticed that stablecoins occupy the largest share of the bridging volume.

It pointed us in the direction of building a stablecoin-oriented product featuring native cross-chain swaps. Our thorough market research enabled us to create a truly decentralized and non-custodial solution, following the original ideals instilled by the crypto founders. You may find more about our journey in the previous article.

Throughout the summer, we worked on finalizing the new bridge architecture to deliver a seamless cross-chain experience for the Allbridge community. We are proud to finally share the results of our hard work and launch the first iteration of the Allbridge Core.

Allbridge Core features

Allbridge Core enables native stablecoin swaps between EVM and non-EVM blockchains. At launch, users will be able to select between USDT, BUSD, and also USDC in the next update to swap them across Ethereum, BNB Chain, and Tron, with the Solana network coming soon.

Our product provides users with a one-click solution, significantly enhancing the user experience and making cross-chain swaps more convenient. In addition, we will implement the functionality to convert part of the transferred assets into gas tokens, reducing the barriers to entry into the new blockchains.

Security is a vital component of any bridging solutions. Allbridge Core addresses the existing issues in the space by making its smart contracts non-upgradable. This feature contributes to the bridge’s security and prevents bad actors from meddling with user transfers.

Flexible architecture

By design, Allbridge Core supports multiple messaging protocols: Wormhole messaging and our own messaging protocol. This favorably distinguishes Allbridge Core from competitors since this brings additional flexibility in network integrations and allows us to integrate with non-EVM chains like Tron.

In future iterations, Allbridge Core will provide an additional layer of privacy to cross-chain swaps by offering customizable security options. In addition, DAO members’ voting, consisting of liquidity providers, will decide upon the integrations of the new blockchains and tokens and change certain bridge variables, like fees.

Very soon, Allbridge Core will also include the provision of SDK, enabling seamless integration with bridge/DEX aggregators, wallets, games, and other DeFi products. You may also find additional details and guides on the dedicated GitBook page for Allbridge Core which we will continuously update as new features are added.

Access Allbridge Core to take part in the public beta and experience the future of cross-chain transfers. We really value your input and would be happy to hear what you think about Core’s release on our social media channels.

About Allbridge Core

Allbridge Core enables the transfer of value between blockchains by offering cross-chain swaps of native stablecoins. Being messaging protocol agnostic, Allbridge Core connects a variety of EVM and non-EVM networks, including Ethereum, BNB Chain, Tron, and Solana.

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[Ivan_allbridge]

Allbridge Core has Integrated with Wormhole

We are thrilled to announce our integration with Wormhole!

Wormhole messaging protocol

After the last week’s launch of Allbridge Core, we are happy to unveil our first official partner — Wormhole.

Their messaging protocol will become the default option for cross-chain swaps between all Wormhole-supported blockchains. At the moment, this includes Ethereum and BNB Chain, with Solana coming soon once the integration is finalized.

Benefits for Allbridge Core users

Leveraging the advantages of Wormhole’s protocol and its Guardian Network enables us to enhance security and bring an additional level of decentralization to cross-chain swaps powered by Allbridge Core.

What is next for Allbridge Core?

Stay tuned to our channels about the upcoming Solana release, and visit Allbridge Core to explore our latest integration with Wormhole.

We are excited to go on this journey to the xChain future together with Wormhole!

About Allbridge Core

Allbridge Core enables native stablecoin swaps between EVM and non-EVM blockchains. At launch, users will be able to select between USDT, BUSD, and also USDC in the next update to swap them across Ethereum, BNB Chain, and Tron, with the Solana network coming soon.

Website | Twitter | Telegram

[Ivan_allbridge]

Allbridge Core Sets to Integrate with Polygon

We are excited to announce our collaboration with Polygon!

What is Allbridge Core?

Allbridge Core offers a simple and intuitive solution for stablecoin swaps between a variety of EVM and non-EVM chains. By design, Allbridge Core supports multiple messaging protocols, adding an extra level of decentralization to cross-chain transfers and more opportunities for integration with the new networks.

Collaboration with Polygon

Our collaboration enables Allbridge Core to expand access to the new blockchain, adding the ability to bridge stablecoins natively between Polygon and other supported networks. At the same time, it creates unique opportunities for cross-chain interoperability via native integration with Tron and Solana.

The advantages of Allbridge Core

With the innate liquidity rebalancing feature, one-click swaps, and the addition of the privacy layer in the future, Allbridge Core leverages its technology to offer a unique platform for the Polygon ecosystem. We invite you to visit our channels to stay up to date with the news about the upcoming integration.

About Allbridge Core

Allbridge Core enables the transfer of value between blockchains by offering cross-chain swaps of native stablecoins. Being messaging protocol agnostic, Allbridge Core connects a variety of EVM and non-EVM networks.

Website | Twitter | Telegram

[Ivan_allbridge]

Polygon is Live on Allbridge Core

We are excited to announce that Allbridge Core has integrated Polygon!

What is Allbridge Core?

Allbridge Core is a cross-chain swap platform built specifically for dollar-pegged tokens. It operates without the wrapped assets by providing native liquidity pools for the supported assets on each chain.

Integration with Polygon

The new integration marks the addition of the fifth blockchain to Allbridge Core, further expanding the list of supported networks. Utilizing Allbridge Core, users will be able to seamlessly bridge the most popular stablecoin assets to Polygon from Ethereum, BNB Chain, Solana, and Tron.

Why is Polygon important?

Leveraging the advantages of the Polygon technology, more DeFi community members will experience its scalable, secure, and sustainable ecosystem of decentralized applications and gain access to the wide variety of protocols available on Polygon.

We believe that this integration will further drive the adoption of the Polygon technology within the DeFi space, and we are excited to contribute to its growth. Access Polygon now with the help of All ridge Core!

About Allbridge Core

Allbridge Core enables the transfer of value between blockchains by offering cross-chain swaps of native stablecoins. Being messaging protocol agnostic, Allbridge Core connects a variety of EVM and non-EVM networks.

Website | Twitter | Telegram