Georgetown, Cayman Islands, Aug. 28, 2023, Chainwire
Stargate, an omnichain liquidity layer, and native asset bridge with over $18 billion in lifetime transaction volume, has deployed on Kava Chain, the Cosmos-Ethereum interoperable layer-1.
This integration will expand the reach of Tether’s Cosmos-native USDT issued exclusively on the Kava Chain, to the Ethereum ecosystem and beyond.
Stargate’s success in connecting Ethereum networks is evident with its 300x more total value locked (TVL) than the next most-used bridge. Deploying Stargate on the Kava Chain gives decentralized finance (defi)users a secure and efficient way to move USDT between the Cosmos and Ethereum ecosystems.
The integration ensures that users from any of Stargate’s chains have access to USDT on Kava Chain and every app-chain on Cosmos’s Internet of Blockchains. Features like single-click transfers and swaps, combined with unified liquidity and instant guaranteed finality, make traversing USDT capital efficient and simple. Stargate’s native asset transaction capabilities ensure a more direct and efficient connection to the Cosmos ecosystem.
“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, retail and institutional users who previously had restricted access to certain features on Kava, now have an even broader spectrum of opportunities with USDT.”
Stargate’s involvement, combined with the Kava Chain’s USDT integration, could drive growth, increase exposure to liquidity, and open the Kava Chain and Cosmos ecosystems to more markets, pushing usage higher.
About the Kava Chain
The Kava Chain is a secure, lightning-fast layer-1 blockchain combining the developer power of Ethereum with the speed and interoperability of Cosmos in a single, scalable network. Committed to fostering innovation and growth, the Kava Chain has found adoption among developers and users worldwide.
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Stargate is a fully composable liquidity transport protocol that lives at the heart of Omnichain defi. With Stargate, users, and dapps can transfer native assets cross-chain while accessing the protocol’s unified liquidity pools with instant guaranteed finality.
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