With the assistance of their partners at Mobius — a Celo-based AMM specializing in stablecoin swaps, they are enabling a new route for the UST transfers.
Previously we already worked closely with them to bridge USDC from Avalanche and Solana, and they are very excited to contribute to the availability of stablecoin pools on Celo by launching our UST bridge.
Visit Allbridge to transfer UST between Terra and Celo and check out Mobius’s pool if you are looking to provide the liquidity.
Mobius is an Automated Market Maker (AMM) on Celo based on the StableSwap invariant that specializes in low-slippage swaps between price-stable tokens. Mobius also includes a bridge interface to allow users to easily migrate their assets, thereby paving the way for more capital to be bridged to Celo and efficiently swapped for other assets with the same underlying.
Allbridge is a simple, modern, and reliable way to transfer assets between different networks. It is a bridge between both EVM and non-EVM compatible blockchains, that aims to cover L2 solutions and NFT transfers in the future.
Allbridge’s mission is to make the blockchain world borderless and provide a tool to freely move assets between various blockchains.