• Stargate, the leading omnichain liquidity layer, has deployed on Kava Chain to expand the reach of Tether’s Cosmos-native USDt.
• Deploying Stargate on the Kava Chain allows users from any of Stargate’s chains to access USDt on the Cosmos ecosystem.
• Ease-of-use features like single-click transfers and swaps with unified liquidity and instant guaranteed finality make traversing USDt capital efficient and simple.
Stargate Deploys to Kava Chain
Georgetown, Cayman Islands – August 28th, 2023 – Stargate, the leading omnichain liquidity layer with over $18 billion in lifetime transaction volume, has now deployed on Kava Chain, the Cosmos-Ethereum interoperable Layer 1. This integration expands the reach of Tether’s Cosmos-native USDt issued exclusively on the Kava Chain to Ethereum networks and beyond.
Unified Liquidity & Instant Finality
Deploying Stargate on Kava Chain provides DeFi users a secure and efficient way to move USDt between the Cosmos and Ethereum ecosystems. With ease-of-use features such as single-click transfers and swaps that offers unified liquidity and instant guaranteed finality for traversing capital efficiently within seconds.
Native Asset Transaction Capabilities
Stargate’s native asset transaction capabilities ensure a more direct link to the Cosmos ecosystem by allowing 300x more TVL than other bridges currently available between Ethereum networks. This integration ensures that users from any of Stargate’s chains have access to USDT issued on Kava Chain as well as apps using it in their products or services within Cosmos‘ Internet of Blockchains.
Growth Since Becoming The Exclusive Native USDT Hub For Tether
Kava Chain’s growth since becoming exclusive native USDT hub for Tether is impressive with 90 million native USDTs issued since then according to Co-founder Scott Stuart. This integration is beneficial for both retail and institutional investors who previously had restricted access to certain features due to lack of interoperability between blockchains now have full access all these features without any restriction thanks to this collaboration between two major players in blockchain space (Kava & Stargate).
Conclusion
The integration between Stargate & Kavy will bring many new opportunities for users who want use different assets or coins across different blockchains without having worry about interoperability issues or high fees associated with transactions as both projects are continuously working hard improve user experience by providing them better tools which are secure & efficient at same time.