Monday, June 17, 2024
HomeNewsBlockchainAllbridge Announces Integration of Tezos to Provide Cross-Chain Interoperability

Allbridge Announces Integration of Tezos to Provide Cross-Chain Interoperability

Allbridge, a cross-chain bridge platform, has announced its integration with the open-source, energy-efficient Tezos blockchain. This bridge is a mutual collaboration by the Allbridge and MadFish.Solutions teams.

Now 16 blockchains will be integrated with Tezos, bringing more liquidity to its ecosystem. At launch, the following tokens will be bridged to Tezos and available on QuipuSwap DEX:

  • USDC from Polygon
  • BUSD from BNB Chain
  • ABR token from 15 blockchains

In the future, Allbridge will expand access to BTC, ETH, SOL, NEAR, AVAX, USDC, USDT, and many more tokens and stablecoins from other chains on Tezos.

“Tezos is a blockchain with a proven track record with an expansive ecosystem of DeFi and NFT projects and a unique on-chain governance mechanism. Our integration with Tezos is a special collaboration with a partner team. Together with our friends from MadFish.Solutions we bring Tezos community access to 16 different chains and provide a gateway for them to join Tezos via QuipuSwap DEX.” – said Andriy Velykyy, co-founder and CEO of Allbridge.

The Tezos ecosystem is a thriving community of builders and creators leveraging easy-to-use developer tools to build powerful applications for the ecosystem of decentralized applications. As one of the first blockchains to adopt the proof-of-stake consensus method, Tezos has evolved into an increasingly popular alternative to several major POW-based options. Tezos has cultivated an ecosystem of thriving NFT marketplaces, dApps, tools, and games that offer a wide variety of digital assets with very attractive and affordable fees.

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