Stargate, the leading multi-chain liquidity tier and lifetime trading volume of over $18 billion, is now deployed on Kava Chain, the Cosmos-Ethereum interoperable Tier 1. This integration will expand the reach of Tether’s privately issued Cosmos-native USDt from the Kava Chain to the Ethereum ecosystem and beyond.
Stargate’s success in connecting Ethereum networks is unmatched, with 300 times more TVL than the next most used bridge. Deployment of Stargate on Kava Chain offers DeFi users the most secure and efficient way to move USDt between the Cosmos and Ethereum ecosystems.
The integration allows users on any chain of Stargate to access USDt on Kava Chain and every chain of applications on Cosmos’ Blockchain Internet. Ease of use features like one-click transfers and swaps, combined with combined liquidity and instant guaranteed certainty, make USDt capital migration efficient and simple. Stargate’s native asset processing capabilities provide a more direct and efficient connection with the Cosmos ecosystem.
“Since becoming the exclusive local USDt hub for Tether, Kava Chain has seen impressive growth with 90 million local USDt issuances,” said Scott Stuart, Co-Founder of Kava Chain. “With Kava Chain now on Stargate, both retail and corporate users who previously had limited access to certain Kava features now have a much wider range of opportunities with USDt.”
Stargate’s participation, coupled with Kava Chain’s USDt integration, promises to spur growth, increase liquidity exposure, and open the Kava Chain and Cosmos ecosystems to wider markets in an unprecedented way for the first time.
About Kava Chain
Kava Chain is a secure, lightning-fast Tier 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, Kava Chain is the trusted choice for developers and users worldwide.
About the Stargate
Stargate is a fully composable liquidity transport protocol at the heart of Omnichain DeFi. With Stargate, users and dApps can transfer local assets cross-chain while instantly accessing the protocol’s combined liquidity pools with guaranteed certainty.
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