It has often been slow, expensive, and reliant on wrapped tokens that introduce additional risks. Let’s explore more about this important news for Wormhole.
Today, Wormhole contributors have answered this call by enabling native USDT transfers. This is via permissionless Uniswap v3 pools on Ethereum, Arbitrum, Base, Optimism, Avalanche, Polygon, and BNB Chain.
Additionally, transfers are facilitated through PancakeSwap pools on ETH, Arbitrum, Base, Optimism, Avax, Polygon, and BNB. Key features of these native USDT transfers include:
This initiative marks a significant advancement in the DeFi space, offering users seamless and efficient cross-chain liquidity solutions. By leveraging the liquidity provided by Uniswap v3 and PancakeSwap pools, Wormhole not only enhances the speed and cost-effectiveness of USDT transfers but also promotes broader adoption of decentralized finance principles across various blockchain platforms.
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