BNB Chain Launches Its Cross-Chain Bridge with Celer, deBridge, and Stargate
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BNB Chain has announced that the BNB Chain Bridge is now live, enabling it to interconnect with other blockchains.
According to the press release shared with Cryptonews, the new bridge has been launched in collaboration with cross-chain technology providers Celer, deBridge, and Stargate.
More precisely, it has integrated Celer’s channel-based cross-chain network, deBridge’s interoperability framework, and Stargate’s cross-chain liquidity solution.
The purpose of BNB Chain Bridge is to connect Binance’s blockchain platform with others, as well as to enhance cross-chain interoperability, liquidity, and user experience (UX).
These integrations will enable this goal, thus expanding BNB Chain’s scope and functionality, said the team.
Furthermore, they will increase the capital efficiency of BNB Chain-based assets. They will also enable the development of a wider range of decentralized finance (DeFi) products and services.
Additionally, the team expects the move to attract more projects to BNB Chain.
Overall, said the announcement, the collaboration aligns with BNB Chain’s “vision of supporting developers and startups to cross the chasm and mission to drive global Web3 adoption.”
The new wallet is not all the BNB Chain announced today.
The team behind it said that it is also establishing a liquidity pool. Its purpose is to streamline transfers from other chains to the BNB Chain.
According to the team, this move is “part of a broader drive to grow a fast-growing stablecoin ecosystem on BNB Chain.”
BNB Chain Bridge will provide “ample
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