Stargate, the leading omnichain liquidity layer and native asset bridge with over $18 billion in lifetime trading volume, has now been deployed on Kava Chain, the Cosmos-Ethereum interoperable layer 1. This integration expands the scope of Tether’s Cosmos native USDt, which is issued exclusively. Kava Chain, Ethereum Ecosystem and Beyond.
Stargate’s success in connecting the Ethereum network is unrivaled, with 300x more TVL than the next most popular bridge. Deploying Stargate on the Kava chain provides DeFi users with the most secure and efficient way to move USDt between the Cosmos and Ethereum ecosystems.
The integration will allow users of the Stargate chain to access USDt on the Kava Chain and any app chain on the Internet of Blockchains on Cosmos. Easy-to-use features like single-click transfers and swaps, combined with integrated liquidity and instant guaranteed finality, make moving USDt capital efficient and simple. Stargate’s native asset trading capabilities ensure a more direct and efficient connection to the Cosmos ecosystem.
“Kava Chain’s growth since becoming Tether’s exclusive native USDt hub has been impressive,” said Scott Stuart, Kava Chain co-founder. 90 million primary USDt have been issued.” “Now, with Stargate’s Kava Chain, both retail and institutional users who previously had limited access to certain features of Kava now have a much broader range of opportunities with USDt.”
Stargate’s participation, combined with Kava Chain’s USDt integration, promises to drive growth, increase exposure to liquidity, and open up the Kava Chain and Cosmos ecosystems to the broader market for unprecedented usage for the first time.
The Kava Chain is a secure, ultra-fast layer 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 a trusted choice for developers and users around the world.
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Stargate is a fully composable liquidity transfer protocol at the heart of Omnichain DeFi. Stargate allows users and dApps to transfer native assets cross-chain while instantly accessing the protocol’s integrated liquidity pool with guaranteed finality.
contact
media manager
Guillermo Carandini
Kava
guillermo.carandini@kava.io