According to Cointelegraph, BNB Chain launched a new cross-chain bridge to enhance the interoperability, liquidity and user experience of its network. On August 28, BNB Chain announced a partnership with Celer, deBridge and Stargate to launch the BNB Chain cross-chain bridge and create a liquidity pool that allows assets to be transferred from other chains.

 

BNB Chain said this is part of its efforts to expand its stablecoin ecosystem. Users can transfer assets from other blockchains, including stablecoins, through the bridge. The BNB Chain team added that the new bridge will also allow the development of a wider range of DeFi products and services in its ecosystem.

 

Alex Smirnov, co-founder of deBridge, said it was a great honor for BNB Chain to join the unified DeFi market. BNB Chain also pointed out that the launch of the bridge solves the market's demand for cost-effective cross-chain interoperability services and strengthens its position in the blockchain market.

 

BNB Chain said that stablecoins remain an important component of a strong DeFi ecosystem. BNB Chain also added that the launch of the bridge is a response to user and developer feedback.