Georgetown, Cayman Islands, August 28, 2023, Chainwire
Stargate, the leading omnichain liquidity layer and native asset bridge with over $18 billion in lifetime transaction volume, has now been deployed on top of Kava Chain, Cosmos-Ethereum’s interoperable Layer 1. This integration will extend the reach of the Tether-exclusive Cosmos-native USDt to the Kava chain, to the Ethereum ecosystem, and beyond.
Stargate’s success in connecting Ethereum networks is unmatched, with 300x more TVL than the second most common bridge. Deploying Stargate on the Kava chain offers DeFi users the safest and most efficient way to move USDt between the Cosmos and Ethereum ecosystems.
The integration ensures that users from all Stargate chains have access to USDt on the Kava chain and every app chain on the Internet of Cosmos blockchains. User-friendly features such as one-click transfers and swaps, combined with unified liquidity and instant guaranteed finality, make transferring USDt funds efficient and easy. Stargate’s native asset transaction capabilities provide a more direct and efficient connection to the Cosmos ecosystem.
“Since Kava Chain became the exclusive native USDt hub for Tether, the growth has been impressive with 90 million native USDt issued,” said Scott Stuart, co-founder of Kava Chain. “With the kava chain now at Stargate, both retail and institutional users who previously had limited access to certain features of kava now have an even broader range of choices with USDt.”
Stargate’s engagement, combined with the Kava chain’s USDt integration, promises to spur growth, increase liquidity risk and open the Kava chain and Cosmos ecosystems to broader markets, marking the first time an unprecedented exploitation.
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 on a single, scalable network. Committed to fostering innovation and growth, the Kava chain is a trusted choice for creators and users worldwide.
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About Stargate
Stargate is a fully composable liquidity transport protocol that is at the heart of Omnichain DeFi. Stargate allows users and dApps to transfer native assets across chains while accessing the protocol’s unified pools of liquidity with instant guaranteed finality.
Contact
media manager
Guillermo Carandini
kava
[email protected]
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