How to swap ERC20 to BEP20?
Cross-chain products have played a vital role in the expansion of the DeFi market. With Ethereum and BNB Chain occupying some of the largest userbase and TVL, they are the go-to chains for many users in the crypto market. This is precisely why the ability to convert ERC20 to BEP20 tokens is in great demand.
Using Allbridge Core, you can seamlessly bridge ERC20 to BEP20 tokens via decentralized cross-messaging protocols. Our platform enables the native cross-chain swaps of Ethereum USDT and USDC into the BUSD on BNB Chain. Please consult our step-by-step guide if you require some additional help with swapping ERC20 tokens to BEP20 tokens.
How does Allbridge Core work?
Allbridge Core is a cross-chain swap platform that facilitates the transfers of native stablecoin liquidity between various chains. However, how exactly does one transfer ERC20 to BEP20? Let us delve into the platform's specifics and explore the concept of virtual value transfer tokens.
Once the tokens and chains are selected in the bridge UI and the transaction is initiated, assets are exchanged on the Ethereum network to the virtual value transfer tokens. These tokens then transfer the information via the selected messaging protocol.
When the message arrives at the destination chain, it triggers the contract. This causes the virtual tokens to be swapped into the desired asset on the BNB Chain, finalizing the cross-chain swap.
You may find more about the way Allbridge Core transactions function on our documentation page.
Why do you need a bridge to change USDT ERC20 to BEP20?
Using cross-chain bridges, one could seamlessly transfer their cryptocurrency assets to a new chain and participate in the newly launched DeFi protocols. Spreading the assets between multiple chains may also diversify the risks of keeping them on a single network. Allbridge Core acts as the stepping stone to enable the transfer between ERC20 and BEP20 tokens and reduces the barriers to entry into the new network.
The benefits of exchanging an ERC20 token for BEP20 using Allbridge Core
Allbridge Core provides a simple and easy-to-navigate UI for stablecoin swaps, offering a convenient bridging experience in one click. With Allbridge Core, you can seamlessly convert between ERC20 and BEP20 tokens, namely USDT, USDC, and BUSD. By design, Allbridge Core architecture supports multiple messaging protocols, adding an extra layer of decentralization. At the same time, the availability of additional messaging protocols leads to more opportunities for integration with new EVM and non-EVM chains.
FAQ
Yes, Allbridge Core allows you to send native stablecoin assets between Ethereum and BNB Chain. The bridging process is simple and intuitive for newcomers. Simply select the desired asset and chain on the bridge UI, connect the wallets, and initiate the transaction via the messaging protocol of your choice. Allbridge Core will then perform a cross-chain swap, and you will receive BUSD on BNB Chain.