Allbridge Core Expands USDC Support to BNB Chain
Allbridge Core Expands USDC Support to BNB Chain
🌉 BNB Gets The Bridge
Allbridge Core has expanded its cross-chain capabilities by adding USDC support for BNB Chain (formerly Binance Smart Chain). This integration enables users to perform direct USDC swaps between BNB Chain and other supported networks.
Key updates:
- New USDC swap route on BNB Chain
- Seamless integration with existing Allbridge Core infrastructure
- Follows recent integration with Sonic Labs ecosystem
Users can now access these features through the Allbridge Core platform.
🚀 New asset is live on #AllbridgeCore! 🌐 Users can now access USDC swaps from @BNBCHAIN. ⚡ Give the new route a try! @Circle
Allbridge Releases July Performance Report
Allbridge has published its July report highlighting key developments and integrations. The report covers: - New leaderboard implementations - Campaign launches on Celo and Optimism networks - Community-focused updates and improvements The full report provides comprehensive details on these initiatives and their impact on the cross-chain ecosystem. [Read the complete report](https://bit.ly/4mmGWKv)
Polygon USDC.e Deprecation Notice on Allbridge Core
**Important Update**: Allbridge Core is deprecating Polygon USDC.e following the ecosystem's transition to Circle-issued native USDC. **Key Dates**: - Aug 19: Swap and bridge functionality ends - Sept 12: Final deadline for LP liquidity withdrawal - Nov 10: Circle ends support for USDC.e deposits/withdrawals **Native USDC Benefits**: - Direct integration with 400+ Polygon DeFi protocols - Eliminates bridge requirements - Enhanced liquidity and accessibility - Backed by Circle's $25B+ market cap stablecoin *Action Required*: LPs must withdraw liquidity by Sept 12. Users should verify correct contract addresses for both USDC and USDC.e tokens.
Stablecoin Market Reaches New Heights at $233B
The stablecoin market has reached a significant milestone with total market capitalization hitting $233 billion. Key developments include: - USDT (Tether) maintains market leadership with 63% share - USDC shows strong growth, now controlling 25.7% of market - Regulatory adoption driving USDC's expansion - New entrant USDe (Ethena) joins top 5 with $6B+ in circulation This growth signals increasing mainstream adoption of digital assets and highlights stablecoins' crucial role in bridging traditional finance with crypto markets. The multi-stablecoin ecosystem continues to evolve, with different tokens serving various market needs.
Solana Cross-Chain Bridge Volume Hits $1.4B Milestone
AllbridgeCore reports $1.4 billion in total bridged volume between Solana and various blockchain networks, marking significant growth in cross-chain activity. The milestone highlights increasing adoption of Solana's ecosystem for inter-blockchain transfers. This volume has remained stable since October 2024, when the platform first reached the $1.4B mark. - Solana maintains position as preferred chain for AllbridgeCore users - Volume indicates sustained trust in cross-chain infrastructure - Stable growth pattern observed over recent months