Allbridge Core: Cross-chain Stablecoin Swap

A blockchain bridge (also known as a crypto bridge) enables the transfers of tokens(usually wrapped), NFTs, or, in some instances, arbitrary data from one chain to another. Both chains may have different protocols, rules, and governance models, while the bridge creates a reliable mechanism for both chains to interoperate. With cross-chain bridge, crypto assets can be transferred in a secure and convenient way.

A cross-chain swap can be viewed as similar to a DEX swap since it utilizes the native liquidity pools to enable asset exchange. However, in the case of cross-chain swaps, assets are exchanged between multiple networks.

Allbridge Core offers a native stablecoin bridging and swapping experience, making it more convenient to access new chains and enabling the seamless flow of liquidity between them. Users may bridge tokens between the supported chains in a non-custodial fashion without relying on centralized bridging solutions.

Allbridge Core supports cross-chain transfers between Ethereum, BNB Chain, Tron and Solana.

The security of modern bridges is a point of concern for many. Allbridge Core addresses the existing issues in this area by making its smart contracts non-upgradable. This feature contributes to the bridge’s security and removes malicious intrusions into the transfers as a potential attack vector.

In addition, the architectural flexibility allows Allbridge Core to integrate with multiple decentralized messaging protocols, further elevating its security. Audits are another vital component to prevent potential issues with cross-chain swaps, which is why Allbridge Core will undergo the security audit before the official V1 release.