Wormhole activates the bridge for USDT, USDC, and BUSD stablecoins from BSC to Solana.
BSC Stablecoins Now on Solana
The DEX confirmed, via a Twitter post, that it has added the wbBUSD/USDC, wbUSDC/USDC, and wbUSDT/USDT pools to its order books. The Saber (SBR) token rewards will go live 24-hrs after the three pools have gone live.
“To bridge, head to wormholebridge.com and follow the instructions to bring assets from Binance Smart Chain to Solana. Make sure you have enough BNB and SOL in your wallets to cover transactions on both sides of the bridge,” mentioned the official blog about the process to bridge these stablecoins on Solana.
Wormhole has been enabling the cross-chain capabilities of the Solana network by expanding the capabilities of its bridge. As previously reported by Solana News, Wormhole expanded its bridge to include the Terra blockchain network to bring the UST stablecoin and LUNA token into Solana’s Decentralized Finance (DeFi) ecosystem.
Saber is the leading cross-chain Automated Market Maker (AMM) for pegged assets on the Solana blockchain, like stablecoins and wrapped assets. Being Solana’s cross-chain liquidity network, the DEX has facilitated the transfer between the Solana network and other blockchains. Saber currently has a total value locked (TVL) of just over $1 billion, as per data from DeFiLlama.
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Source : solana.news