Saber Launches First Celo USDC Pool on Solana With Allbridge
Saber is excited to launch the first Celo USDC liquidity pool on Solana in partnership with Allbridge. Users can bridge USDC directly from Celo to Solana on Allbridge and start providing liquidity. SBR rewards will be live within 24 hours.
Allbridge provides the bridging solution connecting Layer 1 networks including Celo to Solana, and Saber is proud to be a liquidity hub bringing the growing supply of Celo USDC to Solana. If you are interested in using this Celo <> Solana bridge for Celo USDC, check out these docs. Saber allows users to bridge their Celo USDC onto Solana in a wrapped form, exchange them for Solana-native USDC, or earn yield for providing liquidity.
As the fastest, most scalable blockchain, Solana has found product-market fit as a DeFi powerhouse. Celo has garnered impressive traction as a mobile-first Layer 1, empowering anyone with a mobile phone to take control of their money. With this frictionless cross-chain bridge between Celo and Solana, Saber is excited to onboard Celo mobile users to Solana, while empowering Celo native payment applications to integrate Solana backend infrastructure.
Stablecoins are a simple and elegant way to trade into and out of tokens on separate blockchains. Saber and Allbridge have now opened the door for high composability and cross-chain interoperability with Celo.
About Saber
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 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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About Celo
Celo is a mobile-first, carbon-neutral blockchain that makes decentralized financial (DeFi) tools and services accessible to anyone with a mobile phone — bringing the powerful benefits of DeFi to the users of the 6 billion smartphone subscribers around the world. With its interoperability, cross-chain compatibility and vision for inclusivity, Celo enables native and non-native digital assets — both private and public) — to circulate freely, at extremely low costs and high speeds, across devices, carriers, and countries — making money mobile, global and accessible like never before.
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