Stargate Deploys on Kava Chain to Expand USDt Reach
Stargate, the leading omnichain liquidity layer, has deployed on Kava Chain, allowing users to access Tether’s Cosmos-native USDt on the Ethereum ecosystem and beyond. Here are the key points:
– Stargate’s success in connecting Ethereum networks is unmatched, with 300x more TVL than the next most-used bridge.
– Deploying Stargate on the Kava Chain provides DeFi users with a secure and efficient way to move USDt between the Cosmos and Ethereum ecosystems.
– Users from any of Stargate’s chains can now access USDt on Kava Chain and every app-chain on Cosmos’s Internet of Blockchains.
– Stargate offers ease-of-use features, such as single-click transfers and swaps, making traversing USDt capital efficient and simple.
– The integration promises to drive growth, increase exposure to liquidity, and open the Kava Chain and Cosmos ecosystems to wider markets.
Scott Stuart, Kava Chain Co-founder, expressed excitement about the partnership, stating that it provides both retail and institutional users with even more opportunities with USDt.
In conclusion, the integration of Stargate on the Kava Chain expands the reach of USDt, offering users a more direct and efficient connection to the Cosmos ecosystem.
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