Saber proudly launches the first Avalanche USDC pool on Solana in partnership with Allbridge.

Saber has partnered with Allbridge to create an Avalanche USDC / USDC pool on Solana. Allbridge provides the bridging solution that makes this possible, enabling trustless cross-chain exchange between networks like Avalanche, Solana, Ethereum, and Celo. Saber is excited to enable $5 Billion in DeFi TVL on Avalanche to interact directly with Solana applications.

Stablecoins are excellent mediums of exchange between blockchain networks; with this pool, users can bridge their USDC to Solana and provide liquidity or exchange for Solana USDC. Like Solana, Avalanche has incredibly fast finality and high TPS throughput. Saber hopes to bring these ecosystems closer together, starting with this USDC pool.

About Saber Labs

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.

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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.

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