The platform of Mobius finally declared that Solana USDC shall be available on Celo through the integration between Mobius and Allbridge. Solana is one of the most flourishing blockchain networks of 2021. It is renowned for providing a high throughput of transactions at low fees. The DeFi ecosystem of Solana USDC has a high TVL level. As of February 2021, its market cap is more than $2.5 billion. The USDC holders of Solana are now becoming aware of the unique value of Celo stablecoins. They need a bridge to link their USDC assets to Celo for swapping native stablecoins. Mobius is perfect for facilitating the establishment of the bridge between USDC and Celo by creating an integration with Allbridge.
Allbridge is the multi-chain bridge of custodial tokens that connects Solana, Avalanche, Celo, Polygon, Ethereum, and more. The interface of Allbridge enables users to transfer SPL, ERC 20, and other tokens within a few clicks. Since the launch of the bridge between Celo and Solana, Allbridge has succeeded in transferring almost 15 million cUSD from the platform of Celo to that of Solana. It is now time to retrieve that value with the help of the partnership between Mobius and Allbridge.
To bridge the USDC assets to Celo from Solana, visit the Bridge page of Mobius to select Solana and Celo accordingly. The user will get redirected to the website of Allbridge for the creation of the bridge by the Mobius Bridge Aggregator software application. Connect the wallet of Solana and select USDC to initiate the token transfer. Enter the required token amount and the address of the Celo wallet to complete the transfer of tokens within a minute. Receive the asUSDC tokens in the wallet 0xCD7D7Ff64746C1909E44Db8e95331F9316478817.
