Georgetown, Cayman Islands, August 28th, 2023, Chainwire
Stargate, the omnichain liquidity layer and native asset bridge, has deployed on the Kava Chain, the Cosmos-Ethereum interoperable Layer 1. This integration will expand the reach of Tether’s Cosmos-native USDt to the Ethereum ecosystem and beyond.
Stargate is the leading bridge, with 300x more total value locked than the next most-used bridge, offering users the most secure and efficient way to move USDt between the Cosmos and Ethereum ecosystems. It features single-click transfers and swaps, as well as unified liquidity and instant guaranteed finality, making traversing USDt capital efficient and simple.
Scott Stuart, Kava Chain Co-founder, said: “Kava Chain’s growth since becoming the exclusive native USDt hub for Tether has been impressive, with 90 million native USDt issued. With Kava Chain now on Stargate, both retail and institutional users who previously had restricted access to certain features on Kava, now have an even broader spectrum of opportunities with USDt.”
The integration of Stargate and the Kava Chain’s USDt integration is expected to drive growth, increase exposure to liquidity, and open the Kava Chain and Cosmos ecosystems to wider markets, enabling unprecedented usage for the first time.
About the Kava Chain
The Kava Chain is a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos in a single, scalable network. Committed to fostering innovation and growth, the Kava Chain is a trusted choice for developers and users worldwide.
Stargate is a fully composable liquidity transport protocol that lives at the heart of Omnichain DeFi. With Stargate, users & dApps can transfer native assets cross-chain while accessing the protocol’s unified liquidity pools with instant guaranteed finality.
Media manager: Guillermo Carandini, Kava. Email: [email protected]
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