Built on Ethermint, Cronos is an EVM blockchain running parallel to Crypto.org blockchain. The platform provides massive scalability to power an innovative DeFi ecosystem.
It provides a platform where developers can instantly port their apps from EVM-compatible blockchains, including Ethereum.
With its scalability, Cronos can process transactions thousand times faster than the native Ethereum blockchain.
Meanwhile, it provides an eco-friendly and cheaper way to deploy smart contracts and apps.
It also allows interaction within Inter Blockchain Communication (IBC) protocols and promotes interoperability.
CRO is the native token of Cronos and the whole Crypto.com ecosystem. Originally created as an ERC-20 token, CRO is now the stand-alone native token of the Crypto.org chain.
To Bridge USDC to Cronos, you need to use a cross-chain bridge. There are 3 popular bridges that can help you achieve this: Synapse, Connext, and Multichain. After choosing one, you need to visit the bridge and connect your wallet that holds your USDC funds. Then enter the blockchain you are bridging USDC from and choose ‘CRONOS’ for the blockchain you are bridging USDC to. Click ‘Bridge Token’ and approve the transaction in your wallet.
Let’s read further about these steps in detail.
Ways to Bridge USDC to Cronos
Although blockchain entities are efficient and fluid as a single entity, their inability to work together remains one biggest shortcoming of blockchain technology.
However, blockchain bridges act like a linkage between blockchain entities by connecting and facilitating the transfer of assets between blockchains.
They enable smart contracts, exchange of data, assets, and other feedback Between two blockchain entities.
Bridging USDC to Cronos depends on the blockchain you’re bridging your USDC token from. Here are 3 bridges you can use to bridge USDC to Cronos.
- Synapse Bridge
- Connext Bridge
- Multichain Bridge
1. Synapse Bridge
Synapse is a bridging protocol that allows seamless asset transfer between all layers. It supports layer one and layer two blockchains and sidechains.
Apart from notable tokens, Synapse Protocol allows simple stablecoin bridging in a single transaction. Supported stablecoins include USDC, BUSD, USDT, and other stablecoins.
It also supports USDC bridging to Cronos from the following chains:
- BNB Chain
2. Multichain Bridge
Multichain (Anyswap) is a router developed for free and seamless cross-chain asset bridging.
Multiswap works by locking tokens sender blockchain, then wrapping them on the destination blockchain. It also facilitates bridging transactions using liquidity pools across the participating chains.
Founded in 2020, the cross-chain router protocol supports more than 42 chains, including Cronos and other EVM-compatible blockchains.
3. Connext Bridge (xPollinate)
Another way to bridge USDC to Cronos is via the Connext (xPollinate) bridge. It is a cheap interoperable bridge that facilitates sending of assets and smart contracts across EVM and layer two chains.
It is also useful for developing bridges for native cross-chain apps.
With Connext, you can bridge USDC, USDT, DAI, or other stablecoins to Cronos from the following chains:
- BNB Chain
Steps to Bridge USDC to Cronos
Before you start the process, ensure you fund your wallet with enough tokens for gas fees. You can easily do this on any Centralized Exchange like Binance or Coinbase.
All you have to do is log in to the CEX account and buy the token you need for gas fees.
The type of token you’ll buy depends on the blockchain you’re bridging from.
For instance, you will need Ether tokens for Ethereum blockchain, MATIC for Polygon, or AVAX for Avalanche.
Copy your wallet address and withdraw the tokens from your CEX account to the wallet.
After funding your wallet, follow the steps below to bridge USDC to Cronos:
- Go to the bridge
- Connect your wallet
- Select the blockchain you are bridging your USDC from
- Click ‘Bridge Token’ and approve the transaction in your wallet
1. Go to the bridge
On your internet-enabled web browser, navigate to any of the bridges above.
- For Connext, go to connext.network and click on BRIDGE from the homepage.
- For Synapse Protocol, go to synapseprotocol.com.
- For the Multichain bridge, go to multichain.org. On the homepage, tap ENTER APP to access the bridge.
2. Connect your wallet
Once you’re on any of the bridges, tap CONNECT WALLET in the top right corner of the bridge.
Choose Metamask or any other wallet holding your USDC token. Sign the connection prompt to link your wallet to the bridge.
3. Select the blockchain you are bridging your USDC from
Once your wallet is connected, select the blockchain from which you’re sending your USDC and select Cronos as the destination blockchain.
4. Click ‘Bridge Token’ and approve the transaction in your wallet
Finally, click on SWAP or BRIDGE TOKEN to bridge your USDC to Cronos. Approve the transaction in your wallet by confirming the prompt that pops up.
And you’ve successfully bridged your USDC to Cronos blockchain.
Thanks for reading and have a great day!