2023-8-29 14:39 |
Stargate, the top native asset bridge and omnichain liquidity layer with a lifetime transaction volume of over $18 billion, has been deployed on Kava Chain, the Cosmos-Ethereum interoperability Layer 1. Through this connection, Tether’s Cosmos-native USDt, only available on the Kava Chain, will be more widely accepted throughout the Ethereum ecosystem.
Stargate has 300x more TVL than the next most-used bridge, making it the most effective bridge for tying together Ethereum networks. Users of DeFi now have the safest and fastest option to transfer USDt between the Cosmos and Ethereum ecosystems, thanks to the deployment of Stargate on the Kava Chain.
Thanks to the connection, users from all Stargate chains will have access to USDt on the Kava Chain and every app-chain on Cosmos’ Internet of Blockchains. The quick and straightforward movement of USDt money is made possible by user-friendly features like single-click transfers and swaps, uniform liquidity and instant assured finality. A more direct and effective connection to the Cosmos ecosystem is made possible by the native asset transaction capabilities of Stargate.
“Kava Chain’s growth since becoming the exclusive native USDt hub for Tether has been impressive, with 90 million native USDt issued,” said Scott Stuart, Kava Chain Co-founder. “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 Kava Chain and Cosmos ecosystems will be exposed to wider markets for the first time thanks to Stargate’s cooperation and the USDt integration of the Kava Chain, which is expected to spur growth and improve exposure to liquidity.
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