Allbridge Launch Connects Stellar Network to Solana, Ethereum, Polygon and Celo
New Cross-Chain Bridge Brings Newfound Interoperability and Simple Asset Transfer Between Prominent Chains
As a long-time participant in the Stellar ecosystem, Ultra Stellar takes immense pride when strategic partnerships come together, helping combine technology to bring new usability to the Stellar network. Today we have the pleasure of revealing our work with Allbridge, an established cross-chain solutions provider, resulting in seamless interoperability between Stellar and a multitude of blockchains, such as Ethereum, Solana, Polygon, and Celo.
Allbridge, renowned for their robust ability to expedite asset movements across blockchains, has designed a unique Stellar bridge that complements its existing system of validators. This pivotal development brings good news for Stellar developers, offering a reliable pathway to expose decentralized applications (dApps) to an expansive user base across various chains. In addition, all Stellar users benefit from the ability to bridge assets between Stellar and other networks, increasing the useability of Stellar as a place of exchange and on/off ramping.
Our expertise at Ultra Stellar, with a rich history of over nine years in the ecosystem, helped this strategic initiative come to fruition. The team’s technical contributions towards Allbridge’s validators, and our ongoing hosting support for validators and transaction signing services, underpin our unwavering dedication to Stellar’s continued growth and cross-chain operability.
“We are incredibly proud to be part of this landmark integration. Our collaboration with Allbridge perfectly complements our mission to expand financial services on the Stellar network,” said Dmitri Gmyza, representing Ultra Stellar. “By offering ongoing support for Allbridge’s validators, we’re helping bridge the gap between Stellar and other networks. We’re confident this integration, enabling seamless asset transfers, will enhance user experiences across our LOBSTR, StellarX, and StellarTerm products.”
This integration underscores the spirit of cooperative innovation within the Stellar ecosystem, enabling users to leverage the potential of varied chains while enjoying the secure and transparent infrastructure that Stellar brings to the table. Importantly, users can now conveniently access Allbridge’s assets within Stellar applications, such as LOBSTR.
The advent of Allbridge’s assets in the Stellar ecosystem elevates the Stellar experience, with LOBSTR, StellarX, and StellarTerm benefiting. Users now have the capacity to trade, swap, and send these new assets at near-zero cost. Today’s launch provides on/off ramps to each of the supported assets’ respective chains via allbridge.io, allowing assets to flow between networks and be traded on the Stellar Decentralized Exchange (DEX).
Getting started with these new assets is a breeze, thanks to our comprehensive guides. If you’re new to LOBSTR, follow this guide on how to install and use your wallet. For a walkthrough on how to use Allbridge and effectively bridge assets, refer to this bridging guide or watch the video tutorial.
About Ultra Stellar
Ultra Stellar, established in 2014, is a software engineering company specializing in financial solutions for the Stellar network. The company’s main products include LOBSTR, StellarX, and StellarTerm — three leading Stellar wallets and interfaces. These secure and user-friendly products empower individuals and businesses alike, enabling anyone in the world to achieve financial freedom. Ultra Stellar also offers professional services, assisting businesses in their transition into blockchain technology, integrating with the Stellar network, and developing ready-to-launch solutions. For more information, visit ultrastellar.com.
About Allbridge
Allbridge is a leading cross-chain provider, specializing in integrating EVM with non-EVM blockchains. Our mission is to make the blockchain world borderless by providing an infrastructure to freely move assets between various networks. For more information, visit allbridge.io.
