The BabelFish Cross-Chain Stablecoin Bridge allows easy and permissionless transfers of your stablecoins from one chain/sidechain to another.
The way that BabelFish Bridge works is aggregating deposits of certain stablecoins and issuing XUSD - a meta-stablecoin in 1 to 1 ratio. XUSD is the main USD-pegged stablecoin which is commonly used in the Sovryn and Rootstock ecosystems. If a user decides to swap his XUSD to other stablecoins, he has the ability to choose from currently available aggregated stablecoins. At present time there are 3 main chains/sidechains included in the Cross-Chain Bridge: Rootstock (RSK) , Ethereum (ETH), and Binance Smart Chain (BSC).
Currently, bridging between Ethereum and Rootstock ecosystems facilitates the transfer of 3 stablecoins (USDT, USDC and DAI) from ETH-mainnet to the RSK-mainnet:
Bridging between Binance Smart Chain and Rootstock ecosystems facilitates the transfer of 4 stablecoins (BUSD, BUSDT, USDC and DAI) from ETH-mainnet to the RSK-mainnet:
BabelFish enables also swaps of stablecoins within Rootstock ecosystem. Currently 4 stablecoins are supported: