The Binance Smart Chain (BSC) Omnibridge allows users to move ERC20 tokens between xDai and BSC. It is provided as an additional interoperability option for users looking to access cross-chain resources and take advantage of lower fees for conversions. The Ethereum Omnibridge is always available for users bridging to and from Ethereum Mainnet.
BSC OmniBridge and OmniBridge UI are beta software, use at your own risk.
You will need xDai and BNB on the Binance Smart Chain to complete a bridge transfer.
Tokens bridged cross-chain are appended with the "on xDai" or "on BSC". There are instances where bridging across multiple chains creates token names such as "STAKE on xDai on BSC" for example.
Double bridging also can result in multiple instances of the same token on a single chain. For example, USDC can be bridged to xDai from Ethereum and also bridged to xDai from BSC. This results in 2 separate USDC token instances on xDai. These tokens cannot be merged into a single instance after they are minted.
Component.Finance is an available tool to swap between stable tokens. This can be used to convert: