Saber Launches Ethereum USDC Liquidity Pool With Allbridge

Published on: 02.10.2021

Saber is excited to launch a stable Ethereum-bridged USDC liquidity pool on Solana in partnership with Allbridge.

Allbridge provides the bridging solution connecting Ethereum and other blockchains to Solana.

This pool will make it easier for $27 billion of USDC on Ethereum to interact with Solana, and Ethereum now has access to the growing $2.5 billion of Solana native USDC.

Saber allows users to bridge their Ethereum USDC onto Solana in a wrapped form, exchange it for Solana-native USDC, or earn yield for providing liquidity. If you are interested in using this Ethereum <> Solana bridge for USDC, check out these Allbridge docs.

Saber looks forward to continuing to partner with Allbridge to empower a multi-chain future, with seamless stablecoin exchange across blockchains.

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.

WebsiteTwitter DiscordMedium

About Allbridge

Allbridge is a decentralized, 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.

Website Twitter Telegram Medium

SOURCE

Market Stats:
BTC Dominance: 63.66%(+0.15%/24h)
ETH Dominance: 9.19%(-0.10%/24h)
Defi Market Cap: $104.57B(+0.33%/24h)
Total Market Cap: $3273.09B(+0.03%/24h)
Total Trading Volume 24h: $89.26B(+0.68%/24h)
ETH Market Cap: $300.95B
Defi to ETH Ratio: 34.75%
Defi Dominance: 3.08%
Altcoin Market Cap: $1189.54B
Altcoin Volume 24h: $51.36B
Total Cryptocurrencies: 34669
Active Cryptocurrencies: 9744
Active Market Pairs: 103539
Active Exchanges: 821
Total Exchanges: 10490
BTC: 104837.92$(0.06%/1H)
ETH: 2492.76$(0.06%/1H)
AVAX: 20.59$(-0.05%/1H)
BNB: 657.28$(-0.08%/1H)
MATIC: 0$(0.95%/1H)
FTM: 0$(-0.27%/1H)
ADA: 0.68$(-0.05%/1H)
DOT: 4.03$(0.1%/1H)
UNI: 6.08$(0.16%/1H)
CAKE: 2.33$(-0.22%/1H)
SUSHI: 0.64$(-0.19%/1H)
ONE: 0.01$(-0.19%/1H)