Allbridge Core Unveils Bridge to Stellar

Published on: 30.05.2024
Allbridge Core Unveils Bridge to Stellar

Allbridge Core proudly welcomes Stellar as the 10th chain in its ecosystem, as it unveils a new bridge to enhance cross-chain connectivity.

Allbridge Core unveils the bridge to Stellar, demonstrating a critical advancement toward improved integration and connectivity across different blockchain networks.

This integration enables seamless cross-chain stable swaps, connecting Stellar to chains such as Base, OP Mainnet, and Arbitrum. The introduction of Soroban plays a pivotal role in facilitating this connectivity, providing a robust bridging experience.

Unveiling Soroban: Empowering the Stellar Ecosystem

Soroban emerges as a developer-friendly, Rust-based smart contracts platform tailored for scalability and practicality. Its introduction is fundamental to this integration, as the Core bridge relies on smart contracts’ availability. With Soroban in place, the Stellar ecosystem expands its reach, offering native USDC swaps to a broader user base.

Seamlessly Integrated Experience: Expanding SDK Options

The addition of Stellar to Core not only broadens our SDK options but also enhances interoperability for Stellar protocols. With access to liquidity from nine supported blockchains, Stellar protocols can seamlessly tap into a diverse ecosystem. Exciting collaborations with SDK partners are on the horizon, promising further advancements and innovations.

Conclusion

In conclusion, the integration of Stellar into the Allbridge Core ecosystem signifies a significant leap forward in cross-chain interoperability. With Soroban’s introduction and seamless integration, Stellar users can now access a wider range of DeFi opportunities and liquidity pools. As Allbridge continues to expand its reach and collaborations, the future holds immense potential for further innovation and growth in the Web3 space.

About Allbridge Core

Allbridge Core enables the transfer of value between blockchains by offering cross-chain swaps of native stablecoins. Being messaging protocol agnostic, Allbridge Core connects a variety of EVM and non-EVM networks.

About Stellar

Stellar is more than a blockchain. Powered by a decentralized, fast, scalable, and uniquely sustainable network made for financial products and services and a thriving and passionate ecosystem that includes a non-profit organization driven by a mission, Stellar is paving the path to unlock the world’s economic potential through blockchain technology. Built with speed and low costs in mind, the Stellar network provides builders and financial institutions worldwide a platform to issue assets, and to send and convert currencies in real time creating real world utility.

Founded in 2014, the Stellar Development Foundation (SDF) supports the continued development and growth of the Stellar network and also serves the ecosystem of NGOs, corporations, universities, small businesses, governments, and solo entrepreneurs building on the Stellar network through tooling, funding and strategic collaborations. Together, Stellar is where blockchain meets the real world.

SOURCE

https://allbridge.medium.com/allbridge-core-launches-a-bridge-to-stellar-14156f59e925

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