Lisbon, Portugal
Allbridge a crosschain solution provider, has just launched its latest product, Allbridge Core, which enables the seamless transfer of stablecoins between a variety of EVM and non-EVM blockchains.
Allbridge Core provides a native bridging experience and dramatically improves the user experience by removing the interaction with the packaged assets. This is achieved by setting up native liquidity pools for every asset in every supported chain.
When the transfer is initiated, the tokens are moved to the pool and swapped into the value transfer token. These tokens are then sent to the target chain via the selected messaging protocol, where they are converted back into stablecoin assets and credited to users.
Thus, only a single transaction is required to facilitate the exchange. This sets Allbridge Core apart from other market participants, who often require at least two to three transactions to complete the crosschain transfer.
The forthcoming addition of customizable security options will add an extra layer of privacy to crosschain transfers by hiding the details of the on-chain transaction.
In addition, the underlying architecture of the Allbridge Core supports multiple messaging protocols, making the product more versatile. Currently, users can choose between wormhole and allbridge messaging.
Wormhole’s guardian network offers more decentralized crosschain swaps between Solana, Ethereum and BNB Chain. Alternatively, users can select Allbridge’s own messaging layer, which is more cost-effective and supports Tron transfers on top of other chains.
In the future, the Allbridge Core team plans to add support for new tokens and cover a wider range of assets and networks for a seamless crosschain experience. Enter the next era of crosschain swaps with Allbridge Core.
About AllbridgeCore
Allbridge Core enables the transfer of value between blockchains by offering crosschain swaps from native stablecoins. As a messaging protocol agnostic, Allbridge Core connects a variety of EVM and non-EVM networks.
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