Lisbon, Portugal
Allbridge a cross-chain solution provider, just launched its latest product Allbridge Core, enabling seamless transfer of stablecoins between a wide variety of EVM and non-EVM blockchains.
Allbridge Core offers a native bridging experience, making vital improvements to the user experience by removing the interaction with the wrapped assets. This is achieved by establishing native liquidity pools for each asset on every supported chain.
When the transfer is initiated, the tokens are moved into the pool and exchanged into the value transfer token. These tokens are then sent via the selected messaging protocol to the destination chain, where they are converted back to the stablecoin assets and credited to the users.
Thus, only a single transaction is required to facilitate the swap. This makes Allbridge Core stand out compared to other players on the market, who often require a minimum of two to three transactions to complete the cross-chain transfer.
The upcoming addition of customizable security options will also add an additional layer of privacy to the cross-chain transfers by concealing the details of the on-chain transaction.
Moreover, the underlying architecture of the Allbridge Core supports multiple messaging protocols, making the product more versatile. Currently, users are able to choose between Wormhole and Allbridge messaging.
Wormhole’s network of guardians offers more decentralized cross-chain swaps between Solana, Ethereum and BNB Chain. Alternatively, users can select Allbridge’s own messaging layer, which is less expensive and supports Tron transfers on top of other chains.
In the future, the Allbridge Core team plans to add the support of new tokens and cover a broader range of assets and networks for a seamless cross-chain experience. Enter the next era of cross-chain swaps with Allbridge Core.
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.
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